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
June 30,
1991 1992 1993 1994 1995 1996
Fixed charges, as defined:
Interest on long-term debt $158,816 $128,672 $124,633 $124,820 $124,507 $121,348
Interest on notes payable -- 150 898 1,948 1,932 2,498
Other interest charges 5,924 5,591 5,706 4,546 5,278 5,466
Amortization of expense and premium on debt - net(cr) 3,282 7,100 5,720 5,130 5,184 5,037
Interest applicable to rentals 11,381 9,363 8,519 8,332 9,332 9,678
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Total fixed charges, as defined 179,403 150,876 145,476 144,776 146,233 144,027
Preferred dividends, as defined (a) 41,212 42,026 40,779 29,171 32,847 32,075
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Combined fixed charges and preferred dividends, as defined $220,615 $192,902 $186,255 $173,947 $179,080 $176,102
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Earnings as defined:
Net Income $166,572 $182,989 $188,808 $213,839 $201,537 $208,308
Add:
Provision for income taxes:
Federal and State 8,684 36,465 70,552 79,260 114,665 122,779
Deferred Federal and State - net 67,792 51,889 43,017 21,580 8,148 6,599
Investment tax credit adjustment - net 8,244 (1,317) (2,756) (37,552) (5,699) (5,821)
Fixed charges as above 179,403 150,876 145,476 144,776 146,233 144,027
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Total earnings, as defined $430,695 $420,902 $445,097 $421,903 $464,884 $475,892
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Ratio of earnings to fixed charges, as defined 2.40 2.79 3.06 2.91 3.18 3.30
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 1.95 2.18 2.39 2.43 2.60 2.70
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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.