ENTERGY CORP /DE/
8-K, 2000-03-31
ELECTRIC SERVICES
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               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) March 28, 2000


Commission   Registrant, State of Incorporation,     I.R.S. Employer
File Number  Address and Telephone Number            Identification No.

1-11299      ENTERGY CORPORATION                     13-5550175
             (a Delaware corporation)
             639 Loyola Avenue
             New Orleans, Louisiana  70113
             Telephone (504) 576-4000


<PAGE>

Item 5.   Other Events


     On March 28, 2000, Entergy Corporation's ("Entergy") nuclear
business  signed  an agreement with the New York Power  Authority
("NYPA")   for  the  acquisition  of  NYPA's  825  MW  James   A.
FitzPatrick nuclear power plant ("JFP") located near Oswego,  New
York and NYPA's 980 MW Indian Point 3 nuclear power plant ("IP3")
located  in  Westchester County, New York. Entergy will  pay  $50
million in cash at the closing of the purchase, plus seven annual
installments  of approximately $108 million each  commencing  one
year  from  the date of the closing and eight annual installments
of  $20 million each commencing eight years from the date of  the
closing.  Entergy projects that these installments will  be  paid
from  the  net proceeds of the sale of power from the plants  and
that  Entergy will provide an additional $100 million of funding.
Management expects to close the acquisition by the fourth quarter
of 2000.

       Pursuant  to a power purchase agreement (PPA),  NYPA  will
purchase  100% of IP3's output for $36/MWh through  2004  and  an
average  of 37% of JFP's output for $32/MWh through 2004.   Under
the  PPA,  the power is required to be delivered at 85% of  IP3's
output and 85% of the contracted percentage of JFP's output, with
a  financial true-up to NYPA every two years in the event  output
falls below required averages.   Pursuant to a separate PPA, NYPA
is  committed to purchase the remaining output of JFP at  $29/MWh
through  2003.  NYPA will retain the decommissioning  trust  fund
and  the  liability to decommission the plants up to  the  amount
that  is the lesser of the funds in the decommissioning trust  or
an inflation adjusted cost amount, which is $1.18 billion in 2000
dollars.   The current amount in the trust is approximately  $630
million.   NYPA  has  the option to transfer the  decommissioning
trust   and   the  decommissioning  liability  to   the   Entergy
subsidiaries  that  are  acquiring the plants  when  the  current
nuclear operating license for the plants expire (2014 for JFP and
2015 for IP3), or decommissioning commences, whichever is sooner.
At  the  time  of  such transfer, if the trust funds  exceed  the
inflation adjusted cost amount (estimated to be between  $1.9  to
$2.2  billion in 2015), the amount of the excess funds is payable
to  NYPA.  In  the event NYPA does not transfer the trust  funds,
NYPA  has  agreed to enter into a decommissioning agreement  with
Entergy Nuclear to perform the decommissioning of the plants  for
a  fee  equal  to  the  inflation adjusted cost  amount.  Entergy
management  believes  that NYPA's decommissioning  fund  will  be
adequate to cover future decommissioning costs.

      Subject  to certain conditions, Entergy's nuclear  business
has  agreed to pay NYPA up to $10 million annually for up  to  10
years if Entergy acquires ownership of the Indian Point 2 nuclear
power  plant, commencing on the second anniversary date  of  such
acquisition, and up to $2 million annually for up to 10 years  if
Entergy  acquires  the  Nine Mile Units 1  and  2  nuclear  power
plants,  commencing  on  the  second  anniversary  date  of  such
acquisition. NYPA also will be paid $2.5 million annually by each
of the two Entergy subsidiaries that acquire the plants for up to
twenty  years  if  the  Nuclear Regulatory Commission  grants  an
extension of the current nuclear operating license, such  payment
to  commence  on the first anniversary of the expiration  of  the
respective current licenses.

<PAGE>
                            SIGNATURE


          Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.

                                 Entergy Corporation



                                 By:  /s/ Nathan E. Langston
                                      Vice President and Chief
                                        Accounting Officer




Dated:  March 31, 2000




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