Exhibit 99(e)
Entergy New Orleans, 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 June 1999
Fixed charges, as defined:
Total Interest $18,272 $17,802 $16,304 $15,287 $14,792 $14,748
Interest applicable to rentals 1,245 916 831 911 1,045 1,173
---------------------------------------------------------
Total fixed charges, as defined 19,517 18,718 17,135 16,198 15,837 15,921
Preferred dividends, as defined (a) 2,071 1,964 1,549 1,723 1,566 1,592
---------------------------------------------------------
Combined fixed charges and preferred dividends, as defined $21,588 $20,682 $18,684 $17,921 $17,403 $17,513
=========================================================
Earnings as defined:
Net Income $13,211 $34,386 $26,776 $15,451 $15,172 $19,657
Add:
Provision for income taxes:
Total 4,600 20,467 16,216 12,142 10,042 12,507
Fixed charges as above 19,517 18,718 17,135 16,198 15,837 15,921
---------------------------------------------------------
Total earnings, as defined $37,328 $73,571 $60,127 $43,791 $41,051 $48,085
=========================================================
Ratio of earnings to fixed charges, as defined 1.91 3.93 3.51 2.70 2.59 3.02
=========================================================
Ratio of earnings to combined fixed charges and
preferred dividends, as defined 1.73 3.56 3.22 2.44 2.36 2.75
=========================================================
- ------------------------
(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 twelve months ended December 31, 1991 include the $90
million effect of the 1991 NOPSI Settlement.