Exhibit 12(e)
Entergy New Orleans, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
1992 1993 1994 1995 1996 1997
Fixed charges, as defined:
Total Interest 25,224 21,092 18,272 17,802 16,304 15,287
Interest applicable to rentals 444 544 1,245 916 831 911
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Total fixed charges, as defined 25,668 21,636 19,517 18,718 17,135 16,198
Preferred dividends, as defined (a) 3,214 2,952 2,071 1,964 1,549 1,723
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Combined fixed charges and preferred dividends, as defined $28,882 $24,588 $21,588 $20,682 $18,684 $17,921
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Earnings as defined:
Net Income $26,424 $47,709 $13,211 $34,386 $26,776 $15,451
Add:
Provision for income taxes:
Total 16,065 31,938 4,600 20,467 16,216 12,142
Fixed charges as above 25,668 21,636 19,517 18,718 17,135 16,198
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Total earnings, as defined $68,157 $101,283 $37,328 $73,571 $60,127 $43,791
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Ratio of earnings to fixed charges, as defined 2.66 4.68 1.91 3.93 3.51 2.70
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.36 4.12 1.73 3.56 3.22 2.44
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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.