EXHIBIT H-2
Proposed Form of Supplemental Notice
ENTERGY CORPORATION
Entergy Corporation ("Entergy" or the "Company"), 639
Loyola Avenue, New Orleans, Louisiana, 70113, a registered
holding company, has filed a Post Effective Amendment to its
Application-Declaration (File No. 70-8839) under Section
6(a) and 7 of the Act and rule 54 thereunder.
By orders of the Commission dated June 6, 1996 (HCAR
No. 26541) and February 7, 1997 (HCAR No. 26661),
Entergy was authorized to issue and sell through
December 31, 2000, up to thirty million shares of its
authorized but unissued common stock, par value $0.01
per share, pursuant to its Dividend Reinvestment and
Stock Purchase Plan (the "Plan") through December 31,
2000. Entergy now proposes to extend its authority
to extend the Plan through December 31, 2005. All
transactions under the Plan will be on the same terms
and under the same conditions as previously
authorized by the Commission.
The Plan provides that participants may elect to: (1)
automatically reinvest dividends received on all of their
shares of common stock; or (2) automatically reinvest
dividends received on less than all of their shares of
common stock and continue to receive cash dividends on their
remaining shares; and/or (3) invest in additional shares of
common stock by making optional cash investments.
The shares of common stock purchased on behalf of the
participants will be either previously issued shares
purchased on the open market or in privately negotiated
transactions or newly issued shares purchased directly from
the Company.
The purchase price of the newly issued shares will be
the weighted average of the daily high and low sales prices
of the common stock on the New York Stock Exchange ("NYSE")
during the pricing period, which will consist of the twelve
trading days immediately preceding the investment date. The
purchase price for shares purchased on the open market will
be the weighted average price paid by the plan including
brokerage fees and commissions.
Optional cash investments in excess of $3,000 per month
may be made pursuant to a waiver granted at the sole
discretion of the Company based on the Company's
consideration of relevant factors as defined in the Plan.
The Plan also provides that in connection with requests for
waiver, the Company may, in its discretion, establish a
minimum price applicable to the relevant pricing period, as
well as a discount. The discount may be between 0% and 3%
and may vary each month, but once established will apply
uniformly to all optional cash investments made for that
month pursuant to a waiver.
The Plan will continue to be administered by Chase
Mellon Shareholder Services (successor to Mellon Bank, N.A.)
or such successor administrator as Entergy may designate.
