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
March 31,
1998 1999 2000 2001 2002 2003
Fixed charges, as defined:
Total Interest $122,890 $117,247 $111,743 $116,076 $100,667 $96,923
Interest applicable to rentals 9,564 9,221 6,458 7,951 6,496 6,571
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Total fixed charges, as defined 132,454 126,468 118,201 124,027 107,163 103,494
Preferred dividends, as defined (a) 20,925 16,006 16,102 12,374 10,647 10,500
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Combined fixed charges and preferred dividends, as defined $153,379 $142,474 $134,303 $136,401 $117,810 $113,994
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Earnings as defined:
Net Income $179,487 $191,770 $162,679 $132,550 $144,709 $159,022
Add:
Provision for income taxes:
Total Taxes 109,104 122,368 112,645 86,287 84,765 91,042
Fixed charges as above 132,454 126,468 118,201 124,027 107,163 103,494
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Total earnings, as defined $421,045 $440,606 $393,525 $342,864 $336,637 $353,558
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Ratio of earnings to fixed charges, as defined 3.18 3.48 3.33 2.76 3.14 3.42
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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 3.10
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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.