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
March 31,
1992 1993 1994 1995 1996 1997
Fixed charges, as defined:
Interest on long-term debt $128,672 $124,633 $124,820 $124,507 $117,609 $116,947
Interest on notes payable 150 898 1,948 1,932 2,143 2,466
Other interest charges 5,591 5,706 4,546 5,278 4,795 4,071
Dividends on preferred securities of subsidiary trust 2,870 4,445
Amortization of expense and premium on debt - net(cr) 7,100 5,720 5,130 5,184 4,995 5,024
Interest applicable to rentals 9,363 8,519 8,332 9,332 10,601 9,771
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Total fixed charges, as defined 150,876 145,476 144,776 146,233 143,013 142,724
Preferred dividends, as defined (a) 42,026 40,779 29,171 32,847 28,234 26,083
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Combined fixed charges and preferred dividends,
as defined $192,902 $186,255 $173,947 $179,080 $171,247 $168,807
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Earnings as defined:
Net Income $182,989 $188,808 $213,839 $201,537 $190,762 $176,404
Add:
Provision for income taxes:
Federal and State 36,465 70,552 79,260 114,665 97,169 105,521
Deferred Federal and State - net 51,889 43,017 21,580 8,148 27,237 14,391
Investment tax credit adjustment - net (1,317) (2,756) (37,552) (5,699) (5,847) (5,836)
Fixed charges as above 150,876 145,476 144,776 146,233 143,013 142,724
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Total earnings, as defined $420,902 $445,097 $421,903 $464,884 $452,334 $433,204
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Ratio of earnings to fixed charges, as defined 2.79 3.06 2.91 3.18 3.16 3.04
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.18 2.39 2.43 2.60 2.64 2.57
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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.