Exhibit 99(f) 
 
 

                        System Energy Resources, Inc.
            Computation of Ratios of Earnings to Fixed Charges and
                     Ratios of Earnings to Fixed Charges
                                                                                     
                                                                                                            
                                                                                                        June 30,
                                                   1992       1993       1994       1995       1996       1997
                                                                                        
Fixed charges, as defined:                                                                                       
  Total Interest                                   204,541    190,938    176,504    151,512    143,720    129,520
  Interest applicable to rentals                     6,265      6,790      7,546      6,475      6,223      5,754
                                                  ---------------------------------------------------------------
Total fixed charges, as defined                   $210,806   $197,728   $184,050   $157,987   $149,943   $135,274
                                                  ===============================================================
Earnings as defined:                                                                                             
  Net Income                                      $130,141    $93,927     $5,407    $93,039    $98,668   $100,194
  Add:                                                                                                           
    Provision for income taxes:                                                                                  
      Total                                         88,853     78,552     36,838     75,493     82,121     78,456
    Fixed charges as above                         210,806    197,728    184,050    157,987    149,943    135,274
                                                  ---------------------------------------------------------------
Total earnings, as defined                        $429,800   $370,207   $226,295   $326,519   $330,732   $313,924
                                                  ===============================================================
Ratio of earnings to fixed charges, as defined        2.04       1.87       1.23       2.07       2.21       2.32
                                                  ===============================================================