SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date earliest event reported) September 23, 1997
Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
1-11299 ENTERGY CORPORATION 72-1229752
(a Delaware corporation)
639 Loyola Avenue
New Orleans, Louisiana 70113
Telephone (504) 529-5262
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Item 5. Other Information
Entergy Corporation
As previously reported, a jury verdict in the amount of
$346 million was awarded on August 8, 1997, against Entergy
Enterprises, Inc. ("EEI") in a lawsuit tried in the Civil
District Court in Orleans Parish, Louisiana. The suit was
brought by Catalyst Technologies, Inc. against EEI, a wholly-
owned subsidiary of Entergy Corporation ("Entergy"), for alleged
breach of contract. EEI's position is that a contract with the
plaintiff corporation was never consummated and that the damages
awarded by the jury were entirely speculative, representing lost
profits from an enterprise that never was conducted, and were
unsupported by credible evidence produced by the plaintiff at the
trial.
On September 23, 1997, the trial court entered judgment in
the case in the amount of $346 million, plus prejudgment interest
in the amount of approximately $118 million. EEI has filed post-
trial motions in the case seeking, in the alternative, (i) a new
trial, (ii) a judgment notwithstanding the verdict or (iii) a
significant reduction in the amount of the damages awarded to the
plaintiff. These motions are being briefed by both sides and
will be considered by the trial judge. If the trial judge does
not issue a ruling favorable to EEI, EEI will appeal the judgment
to the Louisiana state appellate court having jurisdiction over
the case, and will seek to have the trial court judgment
overturned.
At its current level, the judgment (including damages plus
interest) substantially exceeds EEI's net worth. On September 11,
1997, Entergy has filed an action in Chancery Court in Delaware
seeking a declaratory judgment that it is not responsible for the
payment of the judgment against EEI. That action is pending.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
ENTERGY CORPORATION
By: /s/ Louis E. Buck, Jr.
Louis E. Buck, Jr.
Vice President, Chief Accounting
Officer and Assistant Secretary
Dated: October 1, 1997
