Exhibit 99(d)
Entergy Mississippi, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
December 31,
March 31,
1992 1993 1994 1995 1996 1997
Fixed charges, as defined:
Interest on long-term debt $60,709 $52,099 $46,081 $46,241 $42,897 $42,490
Interest on notes payable 36 7 1,348 474 1,633 1,963
Other interest charges 1,636 1,795 3,581 4,164 2,237 2,303
Amortization of expense and premium on debt-net(cr) 1,685 1,458 1,754 756 1,240 1,233
Interest applicable to rentals 521 1,264 1,716 2,173 2,165 2,141
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Total fixed charges, as defined 64,587 56,623 54,480 53,808 50,172 50,130
Preferred dividends, as defined (a) 12,823 12,990 9,447 9,004 7,720 7,222
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Combined fixed charges and preferred dividends,
as defined $77,410 $69,613 $63,927 $62,812 $57,892 $57,352
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Earnings as defined:
Net Income $65,036 $101,743 $48,779 $68,667 $79,210 74,638
Add:
Provision for income taxes:
Federal and State 4,463 54,418 46,884 71,651 73,994 68,958
Deferred Federal and State - net 20,430 539 (26,763) (35,224) (29,390) (29,645)
Investment tax credit adjustment - net (1,746) 1,036 (7,645) (1,550) (3,497) (1,606)
Fixed charges as above 64,587 56,623 54,480 53,808 50,172 50,154
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Total earnings, as defined $152,770 $214,359 $115,735 $157,352 $170,489 $162,499
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Ratio of earnings to fixed charges, as defined 2.37 3.79 2.12 2.92 3.40 3.24
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 1.97 3.08 1.81 2.51 2.94 2.83
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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.