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 December 31, 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 $117,609 Interest on notes payable -- 150 898 1,948 1,932 2,143 Other interest charges 5,924 5,591 5,706 4,546 5,278 4,795 Dividends on preferred securities of subsidiary trust 2,870 Amortization of expense and premium on debt - net(cr) 3,282 7,100 5,720 5,130 5,184 4,995 Interest applicable to rentals 11,381 9,363 8,519 8,332 9,332 10,601 -------------------------------------------------------------------------- Total fixed charges, as defined 179,403 150,876 145,476 144,776 146,233 143,013 Preferred dividends, as defined (a) 41,212 42,026 40,779 29,171 32,847 28,234 -------------------------------------------------------------------------- Combined fixed charges and preferred dividends, as defined $220,615 $192,902 $186,255 $173,947 $179,080 $171,247 ========================================================================== Earnings as defined: Net Income $166,572 $182,989 $188,808 $213,839 $201,537 $190,762 Add: Provision for income taxes: Federal and State 8,684 36,465 70,552 79,260 114,665 97,169 Deferred Federal and State - net 67,792 51,889 43,017 21,580 8,148 27,237 Investment tax credit adjustment - net 8,244 (1,317) (2,756) (37,552) (5,699) (5,847) Fixed charges as above 179,403 150,876 145,476 144,776 146,233 143,013 -------------------------------------------------------------------------- Total earnings, as defined $430,695 $420,902 $445,097 $421,903 $464,884 $452,334 ========================================================================== Ratio of earnings to fixed charges, as defined 2.40 2.79 3.06 2.91 3.18 3.16 ========================================================================== Ratio of earnings to combined fixed charges and preferred dividends, as defined 1.95 2.18 2.39 2.43 2.60 2.64 ========================================================================== - ------------------------ (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.