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
September 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 $119,230
Interest on notes payable -- 150 898 1,948 1,932 2,324
Other interest charges 5,924 5,591 5,706 4,546 5,278 5,507
Dividends on preferred securities of subsidiary trust 1,295
Amortization of expense and premium on debt - net(cr) 3,282 7,100 5,720 5,130 5,184 4,830
Interest applicable to rentals 11,381 9,363 8,519 8,332 9,332 10,701
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Total fixed charges, as defined 179,403 150,876 145,476 144,776 146,233 143,887
Preferred dividends, as defined (a) 41,212 42,026 40,779 29,171 32,847 30,310
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Combined fixed charges and preferred dividends, as defined $220,615 $192,902 $186,255 $173,947 $179,080 $174,197
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Earnings as defined:
Net Income $166,572 $182,989 $188,808 $213,839 $201,537 $192,790
Add:
Provision for income taxes:
Federal and State 8,684 36,465 70,552 79,260 114,665 113,981
Deferred Federal and State - net 67,792 51,889 43,017 21,580 8,148 5,776
Investment tax credit adjustment - net 8,244 (1,317) (2,756) (37,552) (5,699) (5,822)
Fixed charges as above 179,403 150,876 145,476 144,776 146,233 143,887
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Total earnings, as defined $430,695 $420,902 $445,097 $421,903 $464,884 $450,612
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Ratio of earnings to fixed charges, as defined 2.40 2.79 3.06 2.91 3.18 3.13
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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 2.59
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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.