UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58
For the Quarterly Period Ended March 31, 1998
ENTERGY CORPORATION
(a Delaware corporation)
639 Loyola Avenue
New Orleans, Louisiana 70113
Telephone (504) 529-5262
_________________________________________________________________
(Name of registered holding company and address of principal
executive offices)
<PAGE>
ITEM 1 - ORGANIZATION CHART
<TABLE>
<CAPTION>
Name of Energy or gas Percentage of
reporting Related Date of State of Voting
company company organization organization securities held Nature of business
<S> <C> <C> <C> <C> <C>
Entergy Power Energy related May 17, 1995 Delaware a 100% The brokering and
Marketing business owned subsidiary of marketing of energy
Corporation Entergy Corporation commodities,
(EPMC) including but not
limited to
electricity, natural
or manufactured gas
and other
combustible fuels
("Energy marketing
and brokering"). See
below for
description of the
activities during
the reporting
period.
Entergy Energy related November 3, Delaware a 100% The providing of
Business business 1997 owned subsidiary of miscellaneous energy
Solutions, Inc. Entergy Corporation related services.
(EBSI) * (f/k/a
Entergy
Holdings, Inc.)
</TABLE>
EPMC Activities
During the quarterly period ended March 31, 1998, EPMC
engaged in the business of brokering and marketing of energy
commodities, including but not limited to electricity, natural or
manufactured gas, and other combustible fuels. These services
were provided to electric utilities, power marketers, electric
and municipal cooperatives, and various other customers.
EBSI Activities
EBSI is still in the formative stage of its business, and
has generated no revenue as of the end of the quarterly period
ended March 31, 1998.
ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
<TABLE>
<CAPTION>
Company Type of Principal Issue Person to whom Collateral Consideration
issuing security amount of or Cost of security given with received for
security issued security renewal capital was issued security each security
<S> <C> <C> <C> <C> <C> <C> <C>
None N/A N/A N/A N/A N/A N/A N/A
</TABLE>
<TABLE>
<CAPTION>
Company contributing capital Company receiving capital Amount of capital contribution
<S> <C> <C>
Entergy Corporation EBSI $50,000
</TABLE>
ITEM 3 - ASSOCIATE TRANSACTIONS
Part I - Transactions Performed by Reporting Companies on Behalf
of Associated Companies
Reporting Associate
company company Types of Direct Indirect Total
rendering receiving services costs costs Cost of amount
services services rendered charged charged capital billed
None None N/A -0- -0- N/A -0-
Part II - Transactions Performed by Associated Companies on
Behalf of Reporting Companies
<TABLE>
<CAPTION>
Associate Reporting
company company Types of Indirect Total
rendering receiving services Direct costs costs Cost of amount
services services rendered charged charged capital billed
<S> <C> <C> <C> <C> <C> <C>
Entergy EPMC Professional $ 3,041,000 $ -0- N/A $3,041,000*
Enterprises, services and
Inc.(EEI) back office
support.
EEI EBSI Same as $ 161,883 $ -0- N/A $ 161,883*
above.
</TABLE>
* Includes Entergy Services, Inc. costs of $247,659 and $161,883
for services rendered indirectly through EEI to EPMC and EBSI,
respectively.
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
<TABLE>
<CAPTION>
<S> <C> <C>
Investments in energy-related companies:
Total consolidated capitalization as of March 31, 1998 $16,763,879,000 Line 1
Total capitalization multiplied by 15% (line 1 multiplied by 0.15) 2,514,581,850 Line 2
Greater of $50 million or line 2 2,514,581,850 Line 3
Total current aggregate investment:
Energy marketing and brokering (EPMC) 97,500,000
Energy related technical and similar services (EBSI) 550,000
--------------
Total current aggregate investment* 98,050,000 Line 4
--------------
Difference between the greater of $50 million or 15% of capitalization
and the total aggregate investment of the registered holding company
system (line 3 less line 4) $2,416,531,850 Line 5
==============
</TABLE>
* Excludes other investments of $2,500,000 included under Item 5
that are excluded from the calculation of "Aggregate Investment"
under rule 58.
ITEM 5 - OTHER INVESTMENTS
<TABLE>
<CAPTION> Reason for
Major line of energy- Other investment in Other investment in difference in
related business last U-9C-3 report this U-9C-3 report other investment
<S> <C> <C> <C>
Energy marketing and $2,500,000* $2,500,000* N/A
brokering (EPMC)
</TABLE>
* EPMC received an order from the Federal Energy Regulatory
Commission on October 12, 1995 determining that EPMC was an
exempt wholesale generator under Section 32 of the Act. On
July 29, 1996, EPMC issued and sold 250 shares of common stock
to Entergy Corporation for $2,500,000 pursuant to the
financing exemption set forth in Section 32. EPMC withdrew
its exempt wholesale generator status on March 24, 1997.
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS
A. Financial Statements
Filed under confidential treatment pursuant to Rule 104(b).
B. Exhibits
Certificate of filing of Form U-9C-3 for the 4th Quarter of
1997 with interested state commissions and municipal
regulator.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, 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
Louis E. Buck
Vice President, Chief
Accounting Officer and
Assistant Secretary
Dated: June 1, 1998
<PAGE>
EXHIBIT - CERTIFICATE OF FILING
A conformed copy of Entergy Corporation's Form U-9C-3 for
the quarter ended December 31, 1997 was filed with the following:
Mary W. Cochran, Esq. Norma K. Scogin, Esq.
Arkansas Public Service Commission Texas Attorney General's Office
1000 Center Street 300 West 15th Street/10th Floor
Little Rock, AR 72201 Austin, TX 78701
Lawrence C. St. Blanc, Secretary Sherry A. Quirk, Esq.
Louisiana Public Service Commission Verner, Liipfert, Bernhard,
Post Office Box 91154 McPherson and Hand
Baton Rouge, LA 70821-9154 901 15th Street, NW / Suite 700
Washington, DC 20005-2301
William Bruce McKinley, Esq. Frank Spencer, Esq.
Mississippi Public Service Commission Assistant Attorney General
Walter Sillers State Office Building Mississippi Attorney
550 High Street / 19th Floor General's Office
Jackson, MS 39215 Post Office Box 22947
Jackson, MS 39225
George W. Fleming, Esq. Mr. James Galloway, Filing Clerk
Mississippi Public Utilities Staff Central Records - PUCT
Post Office Box 1174 7800 Shoal Creek Boulevard
Jackson, MS 39215 Suite 400N
Austin, TX 78757
Ms. Jacquelyn M. Frick, Director Hon. Emma J. Williams, Clerk of Council
City Council Utilities Regulatory OfficeCity of New Orleans
Room 6E07, City Hall Room 1E04, City Hall
1300 Perdido Street 1300 Perdido Street
New Orleans, LA 70112 New Orleans, LA 70112
Entergy Corporation
By: /s/ Louis E. Buck
Louis E. Buck
Vice President, Chief
Accounting Officer and
Assistant Secretary
Dated: June 1, 1998
