Exhibit 99(e)
Entergy New Orleans, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
June 30,
1992 1993 1994 1995 1996 1997
Fixed charges, as defined:
Total Interest 24,648 20,494 17,562 17,183 16,304 15,328
Interest applicable to rentals 444 544 1,245 916 831 931
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Total fixed charges, as defined 25,092 21,038 18,807 18,099 17,135 16,259
Preferred dividends, as defined (a) 3,214 2,952 2,071 1,964 1,549 1,682
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Combined fixed charges and preferred dividends, $28,306 $23,990 $20,878 $20,063 $18,684 $17,941
as defined ==============================================================
Earnings as defined:
Net Income $26,424 $47,709 $13,211 $34,386 $26,776 $15,746
Add:
Provision for income taxes:
Total 16,065 31,938 4,600 20,467 16,216 12,437
Fixed charges as above 25,092 21,038 18,807 18,099 17,135 16,259
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Total earnings, as defined $67,581 $100,685 $36,618 $72,952 $60,127 $44,442
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Ratio of earnings to fixed charges, as defined 2.69 4.79 1.95 4.03 3.51 2.73
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.39 4.20 1.75 3.64 3.22 2.48
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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.
(b) Earnings for the twelve months ended December 31, 1991 include the $90
million effect of the 1991 NOPSI Settlement.