Exhibit 99(a)
Entergy Arkansas, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
March 31,
1992 1993 1994 1995 1996 1997
Fixed charges, as defined:
Interest on long-term debt $120,317 $107,771 $101,439 $102,339 $93,852 $93,463
Interest on notes payable 117 349 1,311 678 688 660
Amortization of expense and premium on debt-net(cr) 1,359 2,702 4,563 4,514 4,679 4,684
Other interest 2,308 8,769 3,501 7,806 5,570 5,499
Dividends on preferred securities of subsidiary trust -- -- -- -- 1,927 3,202
Interest applicable to rentals 17,657 16,860 19,140 18,158 19,121 17,051
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Total fixed charges, as defined 141,758 136,451 129,954 133,495 125,837 124,559
Preferred dividends, as defined (a) 32,195 30,334 23,234 27,636 24,731 22,109
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Combined fixed charges and preferred dividends, as defined $173,953 $166,785 $153,188 $161,131 $150,568 $146,668
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Earnings as defined:
Net Income $130,529 $205,297 $142,263 $136,666 $157,798 148,378
Add:
Provision for income taxes:
Federal & State 57,089 58,162 83,300 105,964 128,982 127,600
Deferred - net 3,490 34,748 (17,939) (28,225) (39,772) (43,236)
Investment tax credit adjustment - net (9,989) (10,573) (36,141) (5,658) (4,765) (4,714)
Fixed charges as above 141,758 136,451 129,954 133,495 125,837 124,559
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Total earnings, as defined $322,877 $424,085 $301,437 $342,242 $368,080 $352,587
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Ratio of earnings to fixed charges, as defined 2.28 3.11 2.32 2.56 2.93 2.83
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 1.86 2.54 1.97 2.12 2.44 2.40
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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.