File No. 70-8903
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Amendment No. 4 to
FORM U-l
DECLARATION
under
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Entergy Corporation
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 Corporation
639 Loyola Avenue
New Orleans, Louisiana 70113
(Name and address of agent for service)
The Commission is also requested to send copies of
communications in connection with this matter to:
Laurence M. Hamric, Esq.
Ann G. Roy, Esq.
Entergy Services, Inc.
639 Loyola Avenue
New Orleans, Louisiana 70113
Item 1. Description of Proposed Transactions.
Section 1 and Section 8 of the last full paragraph
of Item 1 of the Application-Declaration, added by Amendment
No. 3, are deleted in their entirety and replaced with the
following:
(1)(a) At September 30, 1996, assuming the $500
million proposed Credit Facilities were in effect, if the
remaining $380 million available under the Credit Facilities
were used for EWG or FUCO investments ($500 million less the
$120 million then outstanding), Entergy's aggregate
investment (as defined in Rule 53) of $1.123 billion in EWGs
and FUCOs, on a pro forma basis, would have been
approximately 49.74% of Entergy's consolidated retained
earnings of $2,258,416 (as defined in Rule 53).
(1)(b) Without taking into effect the use of
the proceeds of the proposed Credit Facilities, Entergy's
aggregate investments in EWGs and FUCOs as of September 30,
1996, was $743.2 million or 32.9% of consolidated retained
earnings, and Entergy's aggregate investments in EWGs and
FUCOs as of December 31, 1996 was $734.3 million or 32.5% of
consolidated retained earnings. Therefore, as of both
September 30, 1996 and December 31, 1996, based on
consolidated retained earnings of $2,258,416, Entergy may
make additional aggregate investments in EWGs and FUCOs of
$385 million.<FN1>
(8) Average consolidated retained earnings of
Entergy for the four most recent quarterly periods ended
September 30, 1996, have not decreased by 10% from the
average for the previous four quarterly periods, and
aggregate investment in EWGs and FUCOs at September 30, 1996
($1.123 billion on a pro forma basis) was approximately
6.93% of total capital invested in utility operations at
that date ($16.2 billion).
_______________________________
<FN1> As of December 31, 1996, Entergy may make additional
aggregate investments in EWGs and FUCOs of $394 million
based on consolidated retained earnings.
<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.
ENTERGY CORPORATION
By: /s/William J. Regan, Jr.
Name: William J. Regan, Jr.
Title: Vice President and Treasurer
Dated: January 22, 1997
