Exhibit 12(d)
Entergy Mississippi, 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 $55,359 $52,764 $51,635 $48,007 $45,274 $40,927
Interest applicable to rentals 1,264 1,716 2,173 2,165 1,947 1,864
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Total fixed charges, as defined 56,623 54,480 53,808 50,172 47,221 42,791
Preferred dividends, as defined (a) 12,990 9,447 9,004 7,610 5,123 4,878
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Combined fixed charges and preferred dividends, as defined $69,613 $63,927 $62,812 $57,782 $52,344 $47,669
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Earnings as defined:
Net Income $101,743 $48,779 $68,667 $79,210 $66,661 $59,268
Add:
Provision for income taxes:
Total income taxes 55,993 12,476 34,877 41,107 26,744 28,031
Fixed charges as above 56,623 54,480 53,808 50,172 47,221 42,791
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Total earnings, as defined $214,359 $115,735 $157,352 $170,489 $140,626 $130,090
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Ratio of earnings to fixed charges, as defined 3.79 2.12 2.92 3.40 2.98 3.04
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 3.08 1.81 2.51 2.95 2.69 2.73
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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.