SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date earliest event reported) July 2, 1997 Commission Registrant, State of Incorporation, I.R.S. Employer File Number Address and Telephone Number Identification No. 1-11299 ENTERGY CORPORATION 72-1229752 (a Delaware corporation) 639 Loyola Avenue New Orleans, Louisiana 70113 Telephone (504) 529-5262 Item 5. Other Events The new Labor government in the United Kingdom announced on July 2, 1997, that a proposed one-time tax is being levied on London Electricity plc, an indirect subsidiary of Entergy, and other utilities that have recently been privatized in the United Kingdom. The Company's initial examination indicates that London Electricity's assessment under the Labor government's formula is in the 140 million BP range. The Company is currently assessing the cash flow and earnings implications. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENTERGY CORPORATION By: /s/Louis E. Buck Louis E. Buck Vice President and Chief Accounting Officer Dated: July 11, 1997