File No. 70-8771
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________
AMENDMENT NO. 1
TO THE
FORM U-1/A
APPLICATION-DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
__________________________________
Louisiana Power & Light Company
639 Loyola Avenue
New Orleans, Louisiana 70113
(Name of company filing this statement and
address of principal executive offices)
_________________________________
Entergy Corporation
(Name of top registered holding company parent
of each applicant or declarant)
________________________________
William J. Regan, Jr.
Vice President and Treasurer
Entergy Services, Inc.
639 Loyola Avenue
New Orleans, Louisiana 70113
________________________________
The Commission is also requested to send copies of any
communications in connection with this matter to:
Laurence M. Hamric, Esq. John T. Hood, Esq.
Entergy Services, Inc. Reid & Priest LLP
639 Loyola Avenue 40 West 57th Street
New Orleans, Louisiana 70113 New York, New York 10019
<PAGE>
The twenty-first paragraph of Item 1, Description of
Proposed Transactions, is hereby amended and restated to read as
follows:
Pursuant to the terms of the separate participation
agreements entered into in 1989 in connection with the sale
of the Undivided Interests, the Company issued three
separate promissory notes to the Owner Participant in an
aggregate principal amount equal to the higher of the
maximum Net Casualty Value and the maximum Net Special
Casualty Value (as such terms are defined in the Leases)
payable under the Leases during the basic lease term
(approximately $208 million). Net Casualty Value and Net
Special Casualty Value are the equity portions of such
values, as determined by deducting from the Casualty Values
and Special Casualty Values the amounts payable on the
outstanding debt. Further, the Company was required to
collateralize its obligations to the Owner Participant by
delivering first mortgage bonds in a principal amount equal
to that of the promissory notes (the issuance of which was
approved by the Commission in Rel. No. 35-24956, September
26, 1989). Refinancing the Original Bonds through the means
described in this proceeding could, in some circumstances,
cause an increase in these values and therefore require an
increase in the principal amount of the related promissory
notes and first mortgage bonds. Pursuant to the
authorization of the Commission in Rel. No. 35-24956,
September 26, 1989, the Company would, in such
circumstances, so increase the amount of the promissory
notes and first mortgage bonds.
The twenty-fourth paragraph of Item 1, Description of
Proposed Transactions, is hereby amended and restated to read as
follows:
The Entergy System's "aggregate investment" in EWGs and
FUCOs is approximately $294 million, representing
approximately 13.0% of the Entergy System's consolidated
retained earnings as of December 31, 1995. Furthermore,
the Entergy System has complied with and will continue to
comply with the record keeping requirements of Rule 53(a)(2)
concerning affiliated EWGs and FUCOs. In addition, as
required by Rule 53(a)(3), no more than 2% of the employees
of the Entergy System's domestic public utility subsidiary
companies would render services to affiliated EWGs and
FUCOs. Finally, none of the conditions set forth in Rule
53(b), under which the provisions of Rule 53 would not be
available, have been met.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, the undersigned company has duly
caused this Amendment to be signed on its behalf by the
undersigned thereunto duly authorized.
LOUISIANA POWER & LIGHT COMPANY
By: /s/ William J. Regan, Jr.
William J. Regan, Jr.
Vice President and Treasurer
Dated: January 31, 1996
