UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
. . . . . . . . . . . . . . . . . . . . . . . . . .
.
In the Matter of .
.
ENTERGY ARKANSAS, INC. .
ENTERGY LOUISIANA, INC. .
ENTERGY MISSISSIPPI, INC. .
ENTERGY NEW ORLEANS, INC. .
.
File No. 70-5015 .
________________ CERTIFICATE
PURSUANT TO
In the Matter of RULE 24
.
SYSTEM FUELS, INC. .
SYSTEM ENERGY RESOURCES, INC. .
ENTERGY ARKANSAS, INC. .
ENTERGY LOUISIANA, INC. .
ENTERGY MISSISSIPPI, INC. .
ENTERGY NEW ORLEANS, INC. .
.
File No. 70-5889 .
________________ .
.
.
(Public Utility Holding Company Act of 1935) .
. . . . . . . . . . . . . . . . . . . . . . . . . .
Pursuant to Rule 24 promulgated by the Securities and Exchange
Commission (SEC) under the Public Utility Holding Company Act of
1935, modified by request in the application(s) - declaration(s)
referenced above, this is to certify that the following
transactions were carried out and borrowings made, during the
third quarter ended September 30, 2000, pursuant to System Fuels,
Inc.'s (SFI) function as a supplier of fuel for the Entergy
Corporation Operating Companies (System) in accordance with the
terms and conditions of and for the purposes represented in the
application(s) - declaration(s), as amended, and pursuant to the
Orders of the SEC, dated December 17, 1971 in File No. 70-5015
and April 28, 1978 in File No. 70-5889.
Expenditures for SFI's fuel program for 2000 during the 3rd
quarter are indicated below:
Net Expenditures
(In Thousands)
3rd Quarter Year-To-Date
2000 Fuel Supply Program:
1. Gas and Oil Development
and Production $ 0 $ 0
2. Nuclear Fuel Procurement (4,596) 6,729
3. Fuel Oil Program 3,605 24,620
------- -------
TOTAL EXPENDITURES (991) 31,349
------- -------
Less funds derived through
amortization & depreciation
Charges
Amortization of Gas & Oil
Development & Production Costs 0 0
Depreciation & Other
Amortization (11) (35)
------- -------
TOTAL depreciation & amortization (11) (35)
------- -------
Net Expenditures (1,002) 31,314
(Increase) decrease in:
Outside financing
System Money Pool borrowings (12,747) (47,189)
------- -------
TOTAL (increase)decrease
in borrowings (12,747) (47,189)
------- -------
Increase (decrease) in working
Capital $13,749 $15,875
======= =======
1. Gas and Oil Development and
Production
Net Expenditures
(In Thousands)
3rd quarter Year-To-Date
Gas and Oil Development
and Production $ 0 $ 0
======= ======
Effective July 1, 1996, SFI sold its interest in the
properties associated with its Gas and Oil Development and
Production Program (the program).
During this quarter, SFI had no expenditures relative to
the continuing shutdown of this operation. As of September
30, 2000, accumulated net proceeds of approximately
$601,000 are retained at SFI for the continuing shutdown
activities.
Calculation of the net expenditures (proceeds) from the
continuing shutdown activities of the Program, is:
Net Expenditures
(In Thousands)
3rd Quarter Year-To-Date
Sales to non-System parties:
Natural gas $ 0 $ 0
Condensate 0 0
Crude oil 0 0
---- ----
TOTAL 0 0
Miscellaneous income (including
sale of assets) 0 0
---- ----
TOTAL 0 0
General and administrative
expense 0 0
Operating expense 0 0
Interest expense 0 0
Amortization adjustment 0 0
---- ----
Net proceeds $ 0 $ 0
==== ====
2. Nuclear Fuel Procurement
Net Expenditures
(In Thousands)
3rd Quarter Year-To-Date
Nuclear Fuel Procurement $(4,596) $6,729
======= ======
Net Expenditures
(In Thousands)
3rd Quarter Year-To-Date
Activities during the period:
Expenditures for nuclear
materials and processing
services $ 7,605 $60,066
General and administrative
expense 106 1,200
Interest expense 716 2,138
------- -------
TOTAL 8,427 63,404
------- -------
Sales of nuclear materials and
processing services to
System companies 13,023 56,675
------- -------
Net effect on inventory $(4,596) $ 6,729
======= =======
3. Fuel Oil Program
Net Expenditures
(In Thousands)
3rd Quarter Year-To-Date
Fuel Oil Inventory $3,605 $24,620
====== =======
a) Fuel Oil Inventory:
Barrels Book Value
Inventory as of: (In Thousands)
September 30, 2000 1,872 46,027
June 30, 2000 2,170 42,422
March 31, 2000 1,390 21,924
December 31, 1999 1,398 21,407
September 30, 1999 2,090 27,200
During 3rd Quarter
Barrels Value
Sales price per barrel
to System companies
Excluding period cost:
#2 Fuel Oil 20,450 29.72
#6 Fuel Oil 1,671,637 19.58
4. Other Items:
a) As of September 30,2000, SFI's outstanding debt and Parent
Companies investment consisted of:
Parent Companies: In Thousands
Common Stock $ 20
Notes payable 34,000
-------
TOTAL 34,020
System Money Pool 64,382
Banks 0
-------
TOTAL $98,402
=======
b) As of January 1, 1987, SFI's employees were transferred to
Entergy Services, Inc. (Entergy Services). Entergy
Services bills SFI for labor associated with the operation
of continuing activities for SFI and other services
provided to SFI (financial, legal, administrative, and
other activities). For the 3rd quarter of 2000, SFI was
billed by Entergy Services for the following amounts:
Total
July August September 3rd Qtr
Cost of service charged
to Service Requests
established to track
cost of functions
previously performed by
SFI personnel:
Direct Cost:
Labor and related
Cost $ 5,639 $ 5,781 $ 4,144 $ 15,564
Other direct cost 2,976 3,612 1,567 8,155
Indirect Cost 1,473 1,664 725 3,862
-------- ------- -------- --------
TOTAL 10,088 11,057 6,436 27,581
-------- ------- -------- --------
Cost of services charged
to Service Requests not
Related to transfer of
SFI personnel: 48,680 62,636 54,185 165,501
-------- ------- -------- --------
Total cost of services
performed by Entergy
Services $ 58,768 $73,693 $ 60,621 $193,082
======== ======= ======== ========
Amounts billed to
Operating Companies for
The Fuel Oil Program* $ 58,183 $(9,303) $ 43,617 $ 92,497
Charged to Nuclear Fuel
Procurement 585 82,996 17,004 100,585
-------- ------- -------- --------
TOTAL $ 58,768 $73,693 $ 60,621 $193,082
======== ======= ======== ========
* Charged to the Fuel Oil Program as a component of period
costs. Effective January 1, 1998, Fuel Oil Program period
costs are recorded by plant, to the extent possible, and
direct billed to the operating company that owns the
facility where incurred. Costs which cannot be directly
associated with a facility or an operating company, continue
to be allocated as before. For the 3rd quarter of 2000, such
Fuel Oil Program period costs were allocated 9.48% to
ENTERGY ARKANSAS, INC., 51.39% to ENTERGY LOUISIANA, INC.,
29.17% to ENTERGY MISSISSIPPI, INC., and 9.96% to ENTERGY
NEW ORLEANS, INC.
c) As previously reported, the System's fuels planning and
procurement administration was reorganized during 1988,
redefining the fuels management roles and placing the
responsibility for most fuel procurement decisions with
Entergy Corporation System Executives.
SFI, utilizing Entergy Services personnel, continues to be
responsible for gas and oil production shut down, financing
nuclear fuel inventory and fuel oil inventory and facilities, and
accounting functions related to these continuing activities.
IN WITNESS WHEREOF, SFI has caused this certificate to be
executed as of the 31st of October 2000.
ENTERGY ARKANSAS, INC.
ENTERGY LOUISIANA, INC.
ENTERGY MISSISSIPPI, INC.
ENTERGY NEW ORLEANS, INC.
SYSTEM ENERGY RESOURCES, INC.
BY: /s/ Nathan E. Langston
Nathan E. Langston
Vice President and
Chief Accounting Officer
SYSTEM FUELS, INC.
BY: /s/ Steven C. McNeal
Steven C. McNeal
Vice President
and Treasurer
