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
12 months
1994 1995 1996 1997 1998 March 1999
Fixed charges, as defined:
Total Interest $136,444 $136,901 $132,412 $128,900 $122,890 $120,847
Interest applicable to rentals 8,332 9,332 10,601 9,203 9,564 9,085
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Total fixed charges, as defined 144,776 146,233 143,013 138,103 132,454 129,932
Preferred dividends, as defined (a) 29,171 32,847 28,234 22,103 20,925 19,465
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Combined fixed charges and preferred dividends, as defined $173,947 $179,080 $171,247 $160,206 $153,379 $149,397
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Earnings as defined:
Net Income $213,839 $201,537 $190,762 $141,757 $179,487 $187,057
Add:
Provision for income taxes:
Total Taxes 63,288 117,114 118,559 98,965 109,104 112,880
Fixed charges as above 144,776 146,233 143,013 138,103 132,454 129,932
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Total earnings, as defined $421,903 $464,884 $452,334 $378,825 $421,045 $429,869
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Ratio of earnings to fixed charges, as defined 2.91 3.18 3.16 2.74 3.18 3.31
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 2.43 2.60 2.64 2.36 2.75 2.88
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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.