Exhibit 12(c)
Entergy Louisiana, 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 $122,890 $117,247 $111,743 $116,076 $100,667
Interest applicable to rentals 9,564 9,221 6,458 7,951 6,496
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Total fixed charges, as defined 132,454 126,468 118,201 124,027 $107,163
Preferred dividends, as defined (a) 20,925 16,006 16,102 12,374 $10,647
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Combined fixed charges and preferred dividends, as defined $153,379 $142,474 $134,303 $136,401 $117,810
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Earnings as defined:
Net Income $179,487 $191,770 $162,679 $132,550 $144,709
Add:
Provision for income taxes:
Total Taxes 109,104 122,368 112,645 86,287 84,765
Fixed charges as above 132,454 126,468 118,201 124,027 107,163
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Total earnings, as defined $421,045 $440,606 $393,525 $342,864 $336,637
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Ratio of earnings to fixed charges, as defined 3.18 3.48 3.33 2.76 3.14
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.75 3.09 2.93 2.51 2.86
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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.