Exhibit 12(c)
Entergy Louisiana, 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 $136,957 $136,444 $136,901 $132,412 $128,900 $122,890
Interest applicable to rentals 8,519 8,332 9,332 10,601 9,203 9,564
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Total fixed charges, as defined 145,476 144,776 146,233 143,013 138,103 132,454
Preferred dividends, as defined (a) 40,779 29,171 32,847 28,234 22,103 20,925
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Combined fixed charges and preferred dividends, as defined $186,255 $173,947 $179,080 $171,247 $160,206 $153,379
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Earnings as defined:
Net Income $188,808 $213,839 $201,537 $190,762 $141,757 $179,487
Add:
Provision for income taxes:
Total Taxes 110,813 63,288 117,114 118,559 98,965 109,104
Fixed charges as above 145,476 144,776 146,233 143,013 138,103 132,454
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Total earnings, as defined $445,097 $421,903 $464,884 $452,334 $378,825 $421,045
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Ratio of earnings to fixed charges, as defined 3.06 2.91 3.18 3.16 2.74 3.18
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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 2.75
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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.