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
1993 1994 1995 1996 1997 1998
Fixed charges, as defined:
Total Interest charges $210,599 $204,134 $200,224 $193,890 $180,073 $178,220
Interest applicable to rentals 23,455 21,539 16,648 14,887 15,747 16,927
---------------------------------------------------------
Total fixed charges, as defined 234,054 225,673 216,872 208,777 195,820 195,147
Preferred dividends, as defined (a) 65,299 52,210 44,651 48,690 30,028 32,031
---------------------------------------------------------
Combined fixed charges and preferred dividends, as defined $299,353 $277,883 $261,523 $257,467 $225,848 $227,178
=========================================================
Earnings as defined:
Income (loss) from continuing operations before extraordinary
items and the cumulative effect of accounting changes $69,462 ($82,755)$122,919 ($3,887) $59,976 $46,393
Add:
Income Taxes 58,016 (62,086) 63,244 102,091 22,402 31,773
Fixed charges as above 234,054 225,673 216,872 208,777 195,820 195,147
---------------------------------------------------------
Total earnings, as defined (b) $361,532 $80,832 $403,035 $306,981 $278,198 $273,313
=========================================================
Ratio of earnings to fixed charges, as defined 1.54 0.36 1.86 1.47 1.42 1.40
=========================================================
Ratio of earnings to combined fixed charges and
preferred dividends, as defined 1.21 0.29 1.54 1.19 1.23 1.20
=========================================================
(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.