Exhibit 12(f)
System Energy Resources, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Fixed Charges
1991 1992 1993 1994 1995
Fixed charges, as defined:
Interest on long-term debt $218,538 $196,618 $184,818 $162,517 $136,916
Interest on notes payable 0 0 0 88 473
Amortization of expense and premium on debt-net 7,495 6,417 4,520 6,731 6,104
Interest applicable to rentals 10,007 6,265 6,790 7,546 6,475
Other interest charges 3,617 1,506 1,600 7,168 8,019
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Total fixed charges, as defined $239,657 $210,806 $197,728 $184,050 $157,987
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Earnings as defined:
Net Income $104,622 $130,141 $93,927 $5,407 $93,039
Add:
Provision for income taxes:
Federal and State (26,848) 35,082 48,314 67,477 120,830
Deferred Federal and State - net 37,168 23,648 60,690 (27,374) (41,871)
Investment tax credit adjustment - net 63,256 30,123 (30,452) (3,265) (3,466)
Fixed charges as above 239,657 210,806 197,728 184,050 157,987
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Total earnings, as defined $417,855 $429,800 $370,207 $226,295 $326,519
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Ratio of earnings to fixed charges, as defined 1.74 2.04 1.87 1.23 2.07
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