ENTERGY MISSISSIPPI INC
U-1/A, 2000-12-28
ELECTRIC SERVICES
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                                                 File No. 70-9757

               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549
               ___________________________________

                  Pre-Effective Amendment No. 2
                             to the
                            Form U-l
               ___________________________________

                     APPLICATION-DECLARATION
                              under
         THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
               ___________________________________

                    Entergy Mississippi, Inc.
                      308 East Pearl Street
                        Jackson, MS 39201

       (Name of company filing this statement and address
                 of principal executive offices)
               ___________________________________

                       Entergy Corporation
     (Name of top registered holding company parent of each
                     applicant or declarant)
               ___________________________________

   Carolyn C. Shanks                      Steven C. McNeal
   President and Chief Executive Officer  Vice President and Treasurer
   Entergy Mississippi, Inc.              Entergy Services, Inc.
   308 East Pearl Street                  639 Loyola Avenue
   Jackson, MS 39201                      New Orleans, LA 70113

           (Names and addresses of agents for service)
               ___________________________________

     The Commission is also requested to send copies of any
        communications in connection with this matter to:

                 Denise C. Redmann, Esq.           John Hood,
           Esq.
                 Entergy Services, Inc. LLP        Thelen Reid &
           Priest
                 639 Loyola Avenue                 40 West 57th
           Street
                 New Orleans, LA 70113             New York, NY
           10019
                 (504) 576-2272                    (212) 603-
           2140
                 (504) 576-4150 (fax)              (212) 503-
           2001 (fax)

                          Betty Collins
                  Wise Carter Child & Caraway,
                    Professional Association
                          P.O. Box 651
                        Jackson, MS 39205
                         (601) 968-5563
                      (601) 968-5519 (fax)
     Item 1, Section A of the Application/Declaration is hereby
     amended in its entirety and restated to read as follows:

     Item 1.  Description of Proposed Transactions

     Section A.  Overview

     Entergy Mississippi, Inc., a Mississippi corporation
     ("Company"), and a subsidiary of Entergy Corporation
     ("Entergy"), a registered holding company under the Public
     Utility Holding Company Act of 1935, as amended, ("Holding
     Company Act"), proposes, from time to time through December
     31, 2003, through negotiated public offering or competitive
     bidding, (1) to issue and sell one or more series of the
     Company's first mortgage bonds ("Bonds") and/or one or more
     series of the Company's debentures ("Debentures") in a
     combined aggregate principal amount of Bonds and Debentures
     not to exceed $540 million, and/or the purchasing of
     insurance as collateral security for such Bonds and/or
     Debentures, and/or (2) to issue and sell (a) through one or
     more special purpose subsidiaries of the Company, one or
     more series of preferred securities of such subsidiary
     having a stated per share liquidation preference ("Entity
     Interests") and/or (b) one or more new series of the
     Company's Preferred Stock ("Preferred"), in a combined
     aggregate amount of Entity Interests and Preferred not to
     exceed $50 million (the issuance of the Entity Interests to
     include the issuance of one or more series of the Company's
     junior subordinated debentures to said special purpose
     subsidiaries, each series of junior subordinated debentures
     in an amount not to exceed the amount of the respective
     series of Entity Interests plus an equity contribution and
     in addition to, and not to be included in the $540 million
     combined aggregate principal amount of Bonds and Debentures
     requested in subsection (1) above), and/or (3) to enter into
     arrangements for the issuance and sale of one or more series
     of tax-exempt bonds ("Tax-Exempt Bonds") in an aggregate
     principal amount not to exceed $46 million for the financing
     of certain pollution control facilities, including but not
     limited to sewage and/or solid waste disposal facilities
     that have not heretofore been the subject of such financing
     or for the refinancing of outstanding tax-exempt bonds
     issued for that purpose, including the possible issuance and
     pledge of one or more new series of Bonds ("Collateral
     Bonds") as collateral security for such Tax-Exempt Bonds in
     an aggregate principal amount not to exceed $52 million
     which amount of said Collateral Bonds is not included in the
     $540 million combined aggregate principal amount of Bonds
     and Debentures referred to in subsection (1) above and/or
     the purchasing of letters of credit and/or insurance as
     collateral security for such Tax-Exempt Bonds, and/or (4) to
     enter into arrangements for the issuance of municipal
     securities in an aggregate principal amount not to exceed
     $100,000,000 ("Municipal Securities") to be issued in one or
     more series through a state or local municipal entity
     ("Municipal Entity") (the financings contemplated in (1)
     through (4) above being hereinafter collectively referred to
     as "New Financing Plan").  Each of these proposed
     transactions is discussed in detail below.

     Item 1, Section G, Paragraph 1 of the
     Application/Declaration is hereby amended in its entirety
     and restated to read as follows:

     1.   The Company also may seek to enter into arrangements
     for the issuance of Tax-Exempt Bonds, and the Company
     proposes from time to time through December 31, 2003 to
     enter into one or more leases, subleases, installment sale
     agreements, refunding agreements or other agreements and/or
     supplements and/or amendments thereto (each and all of the
     foregoing being referred to herein as the "Facilities
     Agreement") with one or more issuing governmental
     authorities (each an "Issuer") that will contemplate the
     issuance and sale by the Issuer(s) of one or more series of
     Tax-Exempt Bonds in an aggregate principal amount not to
     exceed $46 million pursuant to one or more trust indentures
     and/or supplements thereto (individually and collectively,
     the "Indenture") between the Issuer and one or more trustees
     (individually and collectively, the "Trustee").

     Item 1, Section H, Paragraph 1 of the
     Application/Declaration is hereby amended in its entirety
     and restated to read as follows:

     Section H.     Issuance and Sale of Municipal Securities

     1.   The Company may also seek to enter into arrangements
     for the issuance of up to $100,000,000 aggregate principal
     amount of Municipal Securities. The Company proposes from
     time to time through December 31, 2003 to enter into one or
     more agreements, either directly or through an affiliate of
     the Company, with such governmental authority as may be
     authorized by state or local law (collectively referred to
     herein as the "Municipal Entity"), whereby the Municipal
     Entity will issue securities to the public on behalf of the
     Company or will loan money to the Company through a bank, an
     affiliate of the Company, or other person, where the
     proceeds of such financing will be used to pay certain of
     the Company's costs. The Company will enter into such
     arrangements to benefit from certain tax exemptions offered
     by a state or local taxing authority. Certain purchasers of
     Municipal Securities may benefit from state or local income
     tax exemptions on interest they receive from the Municipal
     Securities.


                            SIGNATURE


          Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, the undersigned company has duly
caused this Pre-effective Amendment No. 2 to the Application-
Declaration to be signed on its behalf by the undersigned
thereunto duly authorized.


                             ENTERGY MISSISSIPPI, INC.


                               By:      /s/ Steven C. McNeal
                                          Steven C. McNeal
                                    Vice President and Treasurer


Dated:  December 28, 2000



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