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) October 9, 1997
Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
1-11299 ENTERGY CORPORATION 72-1229752
(a Delaware corporation)
639 Loyola Avenue
New Orleans, Louisiana 70113
Telephone (504) 529-5262
1-10764 ENTERGY ARKANSAS, INC. 71-0005900
(an Arkansas corporation)
425 West Capitol Avenue, 40th Floor
Little Rock, Arkansas 72201
Telephone (501) 377-4000
1-2703 ENTERGY GULF STATES, INC. 74-0662730
(a Texas corporation)
350 Pine Street
Beaumont, Texas 77701
Telephone (409) 838-6631
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Item 5. Other Information
Entergy Corporation, Entergy Arkansas, Inc., and
Entergy Gulf States, Inc.
Entergy Corporation
On September 30, 1997, Catalyst Technologies, Inc. ("CTI")
filed a new lawsuit against Entergy Corporation ("Entergy"),
Entergy Enterprises, Inc. ("EEI"), Entergy Services, Inc.
("ESI"), and certain individuals who are or at one time were
directors of those corporations. In summary, the suit claims
that CTI suffered damages as a result of actions on the part of
Entergy that allegedly caused the individual defendants to breach
their fiduciary duties owed to EEI and, indirectly, to CTI as
EEI's judgment creditor. In particular, the CTI claim asserts
that the defendants have wrongfully caused EEI's assets to be
depleted. Entergy, EEI, ESI and the individual defendants deny
any such wrongdoing and will vigorously contest this new lawsuit,
which Entergy believes is without merit.
The judgment in favor of CTI entered by the Civil District Court
of Orleans Parish (previously reported by Entergy in its Form 8-
K, dated October 1, 1997) currently is the subject of post-trial
motions in which EEI seeks, in the alternative, a judgment
notwithstanding the verdict, a new trial or a substantial
reduction of the amount awarded to CTI. Subject to the outcome
of the post-trial motions, which have been set for hearing on
November 5, 1997, EEI will appeal the judgment of the trial
court. Entergy continues to believe that EEI ultimately will
prevail by having the judgment reversed or substantially reduced.
Entergy Arkansas, Inc. and Entergy Corporation
On October 3, 1997, Entergy Arkansas, Inc. ("EA") and
Entergy Services, Inc. ("ESI"), both of which are wholly-owned
subsidiaries of Entergy Corporation, filed a lawsuit against
Union Pacific Railroad Company ("Union Pacific") for breach of
contract. The suit, which was filed in the U.S. District Court
for the Middle District of Louisiana, seeks damages and
termination of rail contracts between EA and Union Pacific
relating to the transportation of coal for use at EA's White
Bluff and Independence coal-fired generating units. The lawsuit
alleges that Union Pacific has failed to meet its obligations to
provide rail transportation service as required under the
contracts. No specific amount of damages is set forth in the
complaint.
Entergy Corporation and Entergy Gulf States, Inc.
On October 7, 1997, Entergy Gulf States, Inc. ("Gulf
States") was notified by the Rural Utilities Service ("RUS") that
RUS has elected not to become the transferee of the thirty
percent undivided interest in the River Bend Nuclear Station
("River Bend") owned by Cajun Electric Power Cooperative, Inc.
("Cajun").
Under a previously reported settlement agreement (the
"Settlement") between Gulf States, the Bankruptcy Trustee for
Cajun and RUS, RUS had the option of either selling the Cajun
interest in River Bend, retaining it, or causing it to be
transferred to Gulf States. Having been unable to arrange a
sale, RUS has now chosen not to become the transferee of Cajun's
interest in River Bend. Accordingly, pursuant to the Settlement,
Cajun's interest in River Bend will be transferred to Gulf States
at no cost.
<PAGE>
Prior to the transfer of Cajun's interest to Gulf States,
approval of the transfer and an amendment of the license to
remove references to Cajun's ownership must be obtained from the
Nuclear Regulatory Commission. Gulf States anticipates that it
will complete the Settlement, which resolves all disputes between
it and Cajun, by the end of 1997.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act 1934, each registrant has duly caused this report to be
signed on its behalf by the undersigned officer hereunto duly
authorized.
Entergy Corporation
By: /s/Louis E. Buck, Jr.
_______________________
Louis E. Buck, Jr.
Vice President and Chief
Accounting Officer
Entergy Arkansas, Inc.
By: /s/Louis E. Buck, Jr.
__________________________
Louis E. Buck, Jr.
Vice President and Chief
Accounting Officer
Entergy Gulf States, Inc.
By: /s/Louis E. Buck, Jr.
__________________________
Louis E. Buck, Jr.
Vice President and Chief
Accounting Officer
Dated: October 10, 1997
