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
1993 1994 1995 1996 1997 1998
Fixed charges, as defined:
Total Interest Charges $119,591 $110,814 $115,337 $106,716 $104,165 $96,685
Interest applicable to rentals 16,860 19,140 18,158 19,121 17,529 15,511
------------------------------------------------------
Total fixed charges, as defined 136,451 129,954 133,495 125,837 121,694 112,196
Preferred dividends, as defined (a) 30,334 23,234 27,636 24,731 16,073 16,763
------------------------------------------------------
Combined fixed charges and preferred dividends, as defined $166,785 $153,188 $161,131 $150,568 $137,767 $128,959
======================================================
Earnings as defined:
Net Income $205,297 $142,263 $136,666 $157,798 $127,977 $110,951
Add:
Provision for income taxes:
Total 82,337 29,220 72,081 84,445 59,220 71,374
Fixed charges as above 136,451 129,954 133,495 125,837 121,694 112,196
------------------------------------------------------
Total earnings, as defined $424,085 $301,437 $342,242 $368,080 $308,891 $294,521
======================================================
Ratio of earnings to fixed charges, as defined 3.11 2.32 2.56 2.93 2.54 2.63
======================================================
Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.54 1.97 2.12 2.44 2.24 2.28
======================================================
- ------------------------
(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.