Exhibit 99(c)
Entergy Louisiana, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
Sept
1993 1994 1995 1996 1997 1998
Fixed charges, as defined:
Total Interest 136,957 136,444 136,901 132,412 128,900 125,515
Interest applicable to rentals 8,519 8,332 9,332 10,601 9,203 10,547
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Total fixed charges, as defined 145,476 144,776 146,233 143,013 138,103 136,062
Preferred dividends, as defined (a) 40,779 29,171 32,847 28,234 22,103 22,283
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Combined fixed charges and preferred dividends, as defined $186,255 $173,947 $179,080 $171,247 $160,206 $158,345
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Earnings as defined:
Net Income $188,808 $213,839 $201,537 $190,762 $141,757 157,230
Add:
Provision for income taxes:
Total Taxes 110,813 63,288 117,114 118,559 98,965 112,021
Fixed charges as above 145,476 144,776 146,233 143,013 138,103 136,062
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Total earnings, as defined $445,097 $421,903 $464,884 $452,334 $378,825 $405,313
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Ratio of earnings to fixed charges, as defined 3.06 2.91 3.18 3.16 2.74 2.98
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.39 2.43 2.60 2.64 2.36 2.56
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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.