Exhibit 12(a)
Entergy Arkansas, 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 Charges 124,101 119,591 110,814 115,337 106,716 104,165
Interest applicable to rentals 17,657 16,860 19,140 18,158 19,121 17,529
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Total fixed charges, as defined 141,758 136,451 129,954 133,495 125,837 121,694
Preferred dividends, as defined (a) 32,195 30,334 23,234 27,636 24,731 16,073
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Combined fixed charges and preferred dividends, as defined $173,953 $166,785 $153,188 $161,131 $150,568 $137,767
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Earnings as defined:
Net Income $130,529 $205,297 $142,263 $136,666 $157,798 $127,977
Add:
Provision for income taxes:
Total 50,590 82,337 29,220 72,081 84,445 59,220
Fixed charges as above 141,758 136,451 129,954 133,495 125,837 121,694
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Total earnings, as defined $322,877 $424,085 $301,437 $342,242 $368,080 $308,891
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Ratio of earnings to fixed charges, as defined 2.28 3.11 2.32 2.56 2.93 2.54
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 1.86 2.54 1.97 2.12 2.44 2.24
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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.