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Exhibit 99(e)
Entergy New Orleans, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
12 months
1995 1996 1997 1998 1999 June 2000
<S> <C> <C> <C> <C> <C> <C>
Fixed charges, as defined:
Total Interest $17,802 $16,304 $15,287 $14,792 $14,680 $14,852
Interest applicable to rentals 916 831 911 1,045 1,281 814
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Total fixed charges, as defined 18,718 17,135 16,198 15,837 15,961 15,666
Preferred dividends, as defined (a) 1,964 1,549 1,723 1,566 1,566 1,908
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Combined fixed charges and preferred dividends, as defined $20,682 $18,684 $17,921 $17,403 $17,527 $17,574
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Earnings as defined:
Net Income $34,386 $26,776 $15,451 $16,137 $18,961 $17,835
Add:
Provision for income taxes:
Total 20,467 16,216 12,142 10,042 13,030 13,356
Fixed charges as above 18,718 17,135 16,198 15,837 15,961 15,666
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Total earnings, as defined $73,571 $60,127 $43,791 $42,016 $47,952 $46,857
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Ratio of earnings to fixed charges, as defined 3.93 3.51 2.70 2.65 3.00 2.99
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Ratio of earnings to combined fixed charges and
preferred dividends, as defined 3.56 3.22 2.44 2.41 2.74 2.67
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(a) "Preferred dividends," as defined by SEC regulation S-K, are computed by
dividing the preferred dividend requirement by one hundred percent (100%)
minus the income tax rate.
(b) Earnings for the twelve months ended December 31, 1991 include the $90
million effect of the 1991 NOPSI Settlement.
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