ENTERGY CORP /DE/
U-9C-3, 1998-11-24
ELECTRIC SERVICES
Previous: MERRILL LYNCH & CO INC, 8-K, 1998-11-24
Next: MONSANTO CO, SC 14D1/A, 1998-11-24





                                  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 September 30, 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

 Name of   Energy or                                Percentage         
reporting  gas related    Date of       State of    of voting         
 company   company      organization  organization  securities   Nature of
                                                      held       business
__________________________________________________________________________

Entergy    Energy      May 17, 1995     Delaware     a 100%        Energy
Power      related                                   owned       marketing and
Marketing  business                               subsidiary     brokering.
Corp.                                             of Entergy     See below for
(EPMC)                                           Corporation     description
                                                                 of activities
                                                                 during the
                                                                 reporting
                                                                 period.
                                                              
Entergy    Energy      Nov 3, 1997    Delaware     a 100%        Miscellaneous
Business   related                                  owned       energy related
Solutions  business                               subsidiary     services.
 Inc.                                             of Entergy     See below for
(EBSI) *                                         Corporation     description
(f/k/a                                                           of activities
Entergy                                                          during the
Holdings,                                                        reporting
Inc.)                                                            period.
                                                              

EPMC Activities

      During the quarterly period ended September 30, 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
immaterial  revenues  from energy management services  as  of  the  end  of the
quarterly period ended September 30, 1998.

ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS

Company   Type of   Principal   Issue    Cost   Person to  Collateral Consider
issuing   security  amount of    or        of      whom     given with  -ation
security   issued   security   renewal  capital  security    security  rec for
                                                was issued               each
                                                                      security
_______________________________________________________________________________
  
  None      N/A        N/A       N/A      N/A      N/A         N/A        N/A


Company contributing   Company receiving      Amount of capital
      capital               capital             contribution
____________________   _________________      _________________ 
        
        None                  N/A                    N/A

<PAGE>

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
                                        
 Associate   Reporting                                                   
  company     company   Types of    Direct        Indirect   Cost    Total 
 rendering   receiving  services    costs         costs      of      amount
  services    services  rendered    charged       charged   capital  billed
_______________________________________________________________________________
  Entergy       EPMC    Profess-    $ 3,047,143  $  -0-     N/A     $3,047,143*
Enterprises,            ional                                       
 Inc.(EEI)              services                                   
                        and back                                   
                        office                                     
                        support

    EEI         EBSI    Same as     $   506,440  $  -0-     N/A    $   506,440*
                        above.                                             
                        
                        
                                                                               
*Includes Entergy Services, Inc. costs of $297,082 and $425,882 for services
rendered indirectly through EEI to EPMC and EBSI, respectively.

ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
                                                                    
Investments in energy-related companies:                            
  Total consolidated capitalization as of      $17,022,686,000   Line 1
September 30, 1998
  Total capitalization multiplied by 15%         2,553,402,900   Line 2
(line 1 multiplied by 0.15)
  Greater of $50 million or line 2               2,553,402,900   Line 3
                                                                    
  Total current aggregate investment:                               
   Energy marketing and brokering (EPMC)           247,500,000      
   Energy related technical and similar              5,050,000      
services (EBSI)                                _______________
      Total current aggregate investment*          252,550,000   Line 4
                                               _______________           
Difference between the greater of $50 million                       
or 15% of capitalization and the total                              
aggregate investment of the registered          $2,300,852,900   Line 5
holding company system (line 3 less line 4)     ==============
                                                                    
                                                                    
*Excludes other investments of $2,500,000 included under Item 5 that are
excluded from the calculation of "Aggregate Investment" under rule 58.

<PAGE>

ITEM 5 - OTHER INVESTMENTS
                                        
 Major line of       Other            Other         Reason for
energy-related   investment in    investment in   difference in
   business       last U-9C-3      this U-9C-3        other
                    report           report         investment
_______________________________________________________________
Energy            $2,500,000*      $2,500,000*         N/A
marketing and
brokering
(EPMC)


     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.

<PAGE>

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 2nd Quarter of 1998 with
     interested state commissions and municipal regulator.

                                        
                                        
                                        
                                    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/ Steven C. McNeal
                                    _________________________
                                         Steven C. McNeal
                                   Vice President and Treasurer
                                 

Dated:  November 24, 1998        


<PAGE>




                         EXHIBIT - CERTIFICATE OF FILING

    A conformed copy of Entergy Corporation's Form U-9C-3 for the quarter ended
June 30, 1998, excluding the information contained in Item 6, part A which was
filed confidentially under Rule 104(b), 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                    1701 N. Congress
Jackson, MS  39215                      Austin, TX  78711

Ms. Jacquelyn M. Frick, Director        Hon. Emma J. Williams, Clerk of Council
City Council Utilities                  City of New Orleans
  Regulatory Office                     Room 1E04, City Hall
Room 6E07, City Hall                    1300 Perdido Street
1300 Perdido Street                     New Orleans, LA 70112
New Orleans, LA 70112                  




                                 Entergy Corporation
                                 
                                 
                                 
                                 By: /s/ Steven C. McNeal
                                    __________________________
                                         Steven C. McNeal
                                   Vice President and Treasurer
                                 
                                                 
Dated:  November 24, 1998        




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission