Exhibit 12(b)
Entergy Gulf States, 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 248,416 210,599 204,134 200,224 193,890 180,073
Interest applicable to rentals 23,759 23,455 21,539 16,648 14,887 15,747
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Total fixed charges, as defined 272,175 234,054 225,673 216,872 208,777 195,820
Preferred dividends, as defined (a) 69,617 65,299 52,210 44,651 48,690 30,028
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Combined fixed charges and preferred dividends, as defined $341,792 $299,353 $277,883 $261,523 $257,467 $225,848
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Earnings as defined:
Income (loss) from continuing operations before extraordinary items and
the cumulative effect of accounting changes $139,413 $69,462 ($82,755) $122,919 ($3,887) 59,976
Add:
Income Taxes 55,860 58,016 (62,086) 63,244 102,091 22,402
Fixed charges as above 272,175 234,054 225,673 216,872 208,777 195,820
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Total earnings, as defined (b) $467,448 $361,532 $80,832 $403,035 $306,981 $278,198
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Ratio of earnings to fixed charges, as defined 1.72 1.54 0.36 1.86 1.47 1.42
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 1.37 1.21 0.29 1.54 1.19 1.23
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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 year ended December 31, 1994, for GSU were not adequate to cover fixed charges combined fixed charges and
preferred dividends by $144.8 million and $197.1 million, respectively.