Exhibit 99(d)
Entergy Mississippi, 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 $52,764 $51,635 $48,007 $45,274 $40,927 $40,122
Interest applicable to rentals 1,716 2,173 2,165 1,947 1,864 2,134
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Total fixed charges, as defined 54,480 53,808 50,172 47,221 42,791 42,256
Preferred dividends, as defined (a) 9,447 9,004 7,610 5,123 4,878 4,996
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Combined fixed charges and preferred dividends, as defined $63,927 $62,812 $57,782 $52,344 $47,669 $47,252
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Earnings as defined:
Net Income $48,779 $68,667 $79,210 $66,661 $59,268 $57,089
Add:
Provision for income taxes:
Total income taxes 12,476 34,877 41,107 26,744 28,031 27,859
Fixed charges as above 54,480 53,808 50,172 47,221 42,791 42,256
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Total earnings, as defined $115,735 $157,352 $170,489 $140,626 $130,090 $127,204
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Ratio of earnings to fixed charges, as defined 2.12 2.92 3.40 2.98 3.04 3.01
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 1.81 2.51 2.95 2.69 2.73 2.69
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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.