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 .
File No. 70-7574 .
File No. 70-7668 .
________________ .
.
In the Matter of .
.
SYSTEM FUELS, INC. .
ENTERGY CORPORATION .
.
File No. 70-8331 .
.
(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
second quarter ended June 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, indicated below:
70-5015 December 17, 1971 .................................. I
70-5889 April 28, 1978 ..................................... I
70-7574 January 31, 1989 ................................... II
70-7668 September 27, 1989 ................................. III
70-8331 March 16, 1994 ..................................... IV
I. File No. 70-5015 and File No. 70-5889 - 2000 Fuel Supply
Programs
Expenditures for SFI's fuel program for 2000 during the 2nd
quarter are indicated below:
Net Expenditures
(In Thousands)
2nd Quarter Year-To-Date
2000 Fuel Supply Program:
1. Gas and Oil Development
and Production $ 0 $ 0
2. Nuclear Fuel Procurement 3,183 11,325
3. Fuel Oil Program 20,498 21,015
------------------------
TOTAL EXPENDITURES 23,681 32,340
------------------------
Less funds derived through
amortization & depreciation
Charges
Amortization of Gas & Oil
Development & Production Costs 0 0
Depreciation & Other
Amortization (12) (24)
-----------------------
TOTAL depreciation & amortization (12) (24)
-----------------------
Net Expenditures 23,669 32,316
(Increase) decrease in:
Outside financing
System Money Pool borrowings (26,332) (34,442)
------------------------
TOTAL (increase)decrease
in borrowings (26,332) (34,442)
------------------------
Increase (decrease) in working
Capital $ 2,663 $ 2,126
========================
1. Gas and Oil Development and
Production
Net Expenditures
(In Thousands)
2nd 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 June 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)
2nd 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
(See Item III)
Net Expenditures
(In Thousands)
2nd Quarter Year-To-Date
Nuclear Fuel Procurement $3,183 $11,325
=====================
Net Expenditures
(In Thousands)
2nd Quarter Year-To-Date
Activities during the period:
Expenditures for nuclear
materials and processing
services $45,956 $52,461
General and administrative
expense 74 1,094
Interest expense 798 1,422
----------------------
TOTAL 46,828 54,977
Sales of nuclear materials and ----------------------
processing services to
System companies 43,645 43,652
----------------------
Net effect on inventory $ 3,183 $11,325
======================
3. Fuel Oil Program
(See Item II)
Net Expenditures
(In Thousands)
2nd Quarter Year-To-Date
Fuel Oil Inventory $20,498 $21,015
======================
a) Fuel Oil Inventory:
Barrels Book Value
Inventory as of: (In Thousands)
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
June 30, 1999 3,131 38,442
During 2nd Quarter
Barrels Value
Sales price per barrel
to System companies
Excluding period cost:
#2 Fuel Oil 38,694 24.78
#6 Fuel Oil 216,070 14.02
4. Other Items:
a) As of June 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 51,635
Banks 0
-------
TOTAL $85,655
=======
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 2nd quarter of 2000, SFI was
billed by Entergy Services for the following amounts:
Total
April May June 2nd 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 $ 8,575 $13,157 $ 5,845 $ 27,577
Other direct cost 1,406 2,344 1,046 4,796
Indirect Cost 1,788 2,642 1,367 5,797
-----------------------------------------
TOTAL 11,769 18,143 8,258 38,170
-----------------------------------------
Cost of services
charged to Service
Requests not related
to transfer of SFI
personnel: 43,678 73,592 85,465 202,735
-----------------------------------------
Total cost of services
performed by Entergy
Services $ 55,447 $91,735 $ 93,723 $240,905
=========================================
Amounts billed to
Operating Companies for
The Fuel Oil Program* $ 52,814 $49,974 $ 64,143 $166,931
Charged to Nuclear Fuel
Procurement 2,633 41,761 29,580 73,974
-----------------------------------------
TOTAL $ 55,447 $91,735 $ 93,723 $240,905
=========================================
- 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
2nd quarter of 2000, such Fuel Oil Program period costs were
allocated 10% to ENTERGY ARKANSAS, INC., 53% to ENTERGY
LOUISIANA, INC., 27% to ENTERGY MISSISSIPPI, INC., and 10% 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.
II. File No 70-7574 Bank of America Agreement
This financing agreement expired January 31, 1996.
III. File No 70-7668 Yasuda Trust and Banking Co., Ltd. Agreement
(Yasuda)
This loan agreement expired September 26, 1997 and was not
renewed nor replaced.
IV. File No 70-8331 Entergy Corporation Revolving Credit
Agreement (Entergy)
As indicated previously, in a filing pursuant to the SEC
order dated November 26, 1996, (Release No. 35-26617) in File No.
70-8899, activity pertaining to this loan agreement will be
reported by Entergy Services, Inc. under File No. 70-8899.
IN WITNESS WHEREOF, SFI has caused this certificate to be
executed as of the 31st of July, 2000.
ENTERGY ARKANSAS, INC.
ENTERGY LOUISIANA, INC.
ENTERGY MISSISSIPPI, INC.
ENTERGY NEW ORLEANS, INC.
SYSTEM ENERGY RESOURCES, INC.
ENTERGY CORPORATION
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
