File No. 70-8055
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-1
______________________________________
POST-EFFECTIVE AMENDMENT NO. 6
TO
APPLICATION-DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
______________________________________
Entergy Corporation Arkansas Power & Light Company
225 Baronne Street 425 West Capitol Avenue
New Orleans, Louisiana 70112 Little Rock, Arkansas 72201
Entergy Services, Inc. Louisiana Power & Light Company
225 Baronne Street 639 Loyola Avenue
New Orleans, Louisiana 70112 New Orleans, Louisiana 70113
System Fuels, Inc. Mississippi Power & Light Company
639 Loyola Avenue 308 East Pearl Street
New Orleans, Louisiana 70113 Jackson, Mississippi 39201
System Energy Resources, Inc. New Orleans Public Service Inc.
1340 Echelon Parkway 639 Loyola Avenue
Jackson, Mississippi 39213 New Orleans, Louisiana 70113
Entergy Operations, Inc. Gulf States Utilities Company
1340 Echelon Parkway 350 Pine Street
Jackson, Mississippi 39213 Beaumont, Texas 77701
(Names of companies filing this statement and
addresses of principal executive offices)
______________________________________
Entergy Corporation
(Name of top registered holding company parent
of each applicant or declarant)
______________________________________
Gerald D. McInvale
Senior Vice President Jerry L. Maulden
and Chief Financial Officer Vice Chairman and
Entergy Corporation Chief Operating Officer
639 Loyola Avenue Arkansas Power & Light Company
New Orleans, Louisiana 70113 425 West Capitol Avenue
Little Rock, Arkansas 72201
Glenn E. Harder
Vice President - Jerry L. Maulden
Financial Strategies Vice Chairman and
and Treasurer Chief Operating Officer
Entergy Services, Inc. Louisiana Power & Light
639 Loyola Avenue Company
New Orleans, Louisiana 70113 317 Baronne Street
New Orleans, Louisiana 70112
Glenn E. Harder
Treasurer
System Fuels, Inc. Jerry L. Maulden
639 Loyola Avenue Vice Chairman and
New Orleans, Louisiana 70113 Chief Operating Officer
Mississippi Power & Light
Company
Donald C. Hintz P.O. Box 1640
President and Jackson, Mississippi 39215
Chief Executive Officer
System Energy Resources, Inc. Jerry L. Maulden
Entergy Operations, Inc. Vice Chairman and
1340 Echelon Parkway Chief Operating Officer
Jackson, Mississippi 39213 New Orleans Public ServiceInc.
317 Baronne Street
New Orleans, Louisiana 70112
Jerry L. Maulden
Senior Vice President -
External Affairs
Gulf States Utilities Company
350 Pine Street
Beaumont, Texas 77701
(Names and addresses of agents for service)
_____________________________________________
The Commission is also requested to send copies of any
communications in connection with this matter to:
Susan P. Engle Robert B. McGehee, Esq.
Assistant Treasurer Wise Carter Child & Caraway,
Entergy Services, Inc. Professional Association
639 Loyola Avenue P.O. Box 651
New Orleans, Louisiana 70113 Jackson, Mississippi 39205
Laurence M. Hamric, Esq. Benny H. Hughes, Jr., Esq.
General Attorney - Orgain, Bell & Tucker, L.L.P.
Corporate and Securities 470 Orleans Street
Entergy Services, Inc. Beaumont, Texas 77701
225 Baronne Street
New Orleans, Louisiana 70112
Paul B. Benham, III, Esq.
Friday, Eldredge & Clark
2000 First Commercial Building
400 West Capitol Avenue
Little Rock, Arkansas 72201-3493
Melvin I. Schwartzman, Esq.
McChord Carrico, Esq.
Monroe & Lemann
(A Professional Corporation)
201 St. Charles Avenue
New Orleans, Louisiana 70170
Thomas J. Igoe, Jr., Esq.
Reid & Priest
40 West 57th Street
New York, New York 10019
<PAGE>
Item 1. Description of Proposed Transactions.
Section II. Borrowing Limitations of Item 1 of the
Application-Declaration, as previously amended and supplemented,
is hereby further supplemented to include the following paragraph
at the end of such section:
"By order dated November 18, 1992 (H.C.A.R. No. 35-
25680), the Commission authorized Arkansas Power & Light Company
("Arkansas"), Louisiana Power & Light Company ("Louisiana") and
Mississippi Power & Light Company ("Mississippi") to effect short-
term borrowings through the Money Pool and to issue and sell
unsecured short-term promissory notes (including commercial
paper) to various commercial banks and/or dealers in commercial
paper in the following maximum amounts: Arkansas, $125 million;
Louisiana, $125 million; and Mississippi, $100 million. The
Commission reserved jurisdiction in its order over additional
borrowings in the following amounts for each such company pending
further completion of the record: Arkansas, $130 million (or a
maximum of $255 million), Louisiana, $134 million (or a maximum
of $259 million); and Mississippi, $13 million (or a maximum of
$113 million).
Arkansas, Louisiana and Mississippi now estimate
increased cash requirements through November 30, 1994 such that
an increase in authorized borrowings for each such company is
appropriate. In general, the increases reflect optional
redemptions and retirements of additional long-term debt and
preferred stock and various other factors, including in the case
of Arkansas and Mississippi, unanticipated expenditures for
repairs occasioned by recent storm damage in their respective
service territories. (For further information with respect to
these estimated cash requirements, reference is made to the cash
flow estimates of Arkansas, Louisiana and Mississippi filed
herewith and referred to in part (b) of Item 6 hereof).
In view of the foregoing, Arkansas, Louisiana and
Mississippi request that the Commission issue a supplemental
order herein increasing the authorized borrowings in the case of
Arkansas, from $125 million to $200 million; in the case of
Louisiana, from $125 million to $200 million; and in the case of
Mississippi, from $100 million to $113 million."
Item 5. Procedure.
Item 5 of the Application-Declaration, as previously
amended and supplemented, is hereby further supplemented to
include the following:
"The parties hereto respectfully request that the
Commission issue, as soon as practicable, a supplemental order
increasing the authorized borrowings of Arkansas, Louisiana and
Mississippi as proposed herein. Because the maximum amounts
proposed to be borrowed by Arkansas, Louisiana and Mississippi
are within the maximum amounts set forth in the Application-
Declaration in this file and the Commission's notice with respect
thereto (HCAR No. 35-25646 (October 2, 1992)), no further notice
is required herein."
<PAGE>
Item 6. Exhibits and Financial Statements.
Item 6 of the Application-Declaration, as previously
amended and supplemented, is hereby further supplemented to
include the following:
"b. Financial Statements:
- Quarterly Cash Flow Estimates of Arkansas,
Louisiana and Mississippi for the Second,
Third and Fourth Quarters of 1994"
<PAGE>
SIGNATURES
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused
this amendment to be signed on their behalf by the undersigned
thereunto duly authorized.
Entergy Services, Inc.
Arkansas Power & Light Company
Louisiana Power & Light Company
Mississippi Power & Light Company
New Orleans Public Service Inc.
Gulf States Utilities Company
Entergy Operations, Inc.
System Energy Resources, Inc.
By: /s/ Glenn E. Harder
Glenn E. Harder
Vice President-Financial
Strategies and Treasurer
Entergy Corporation
By: /s/ Glenn E. Harder
Glenn E. Harder
Treasurer
System Fuels, Inc.
By: /s/ Glenn E. Harder
Glenn E. Harder
Treasurer and
Assistant Secretary
Dated: March 31, 1994
<PAGE>
SEC File No. 70-8055
CASH FLOW ESTIMATES
CAUTIONARY NOTE
The following cash-flow estimates are being furnished
to the Securities and Exchange Commission as part of the record
in this Filing. These projections are not to be considered as
forecasts, and there can be no assurance that these projections
will in fact turn out to be accurate. Investors and any other
persons are cautioned not to place undue reliance upon the
accuracy of the information included herein which is dependent
upon the occurrence of various events and other factors.
ARKANSAS POWER AND LIGHT COMPANY
QUARTERLY CASHFLOW ESTIMATE
($THOUSANDS)
1994 1994 1994
2nd QTR 3rd QTR 4th QTR
-------- -------- --------
INCOME BEFORE INTEREST CHARGES $ 66,304 $ 92,094 $ 34,850
ADD:
Depreciation & Amortization 39,679 39,754 39,837
Deferred Income Taxes & ITC (2,981) (13,696) (15,612)
Other Non-Cash Items 31,704 62,356 24,444
Recovery of Nuclear Expenses 22,890 22,890 22,890
-------- -------- --------
BALANCE 157,596 203,398 106,409
DEDUCT:
Preferred Dividend Payments 4,871 4,855 4,795
Common Dividend Payments 10,899 32,842 57,144
Interest Payments 22,178 26,931 23,010
Income Tax Payments 30,777 23,923 25,195
Other Tax Payments 13,736 6,226 13,079
Customer Accounts Receivable 9,391 24,841 (26,314)
Accounts Payable - Other 39,579 (27,419) (16,504)
Accounts Payable - Associated (539) 921 (569)
Unbilled revenue 32,188 (10,239) (10,407)
Storm Damage 14,000 3,000 3,000
Other Working Capital Requirements 16,128 (513) (13,173)
-------- -------- --------
TOTAL DEDUCTIONS 193,208 85,368 59,256
BALANCE BEFORE CONSTRUCTION & FINANCING (35,612) 118,030 47,153
CONSTRUCTION COSTS INCLUDING AFUDC 42,881 43,399 49,386
PHASE-IN OF NUCLEAR EXPENSES 0 0 0
BALANCE BEFORE FINANCING (78,493) 74,631 (2,233)
FINANCING:
Sale of Common Stock 0 0 0
Sale of Preferred Stock - Net (2,000) (1,000) (2,500)
First Mortgage Bonds - Net (200) 99,800 0
PCRB Bonds - Net 3,077 2,168 (1,313)
Other Long-Term Debt 0 0 0
Short-Term Debt - Net 0 0 0
Sale of Assets 0 0 0
-------- -------- --------
NET CASH FROM FINANCING 877 100,968 (3,813)
NET CASH RECEIPTS FOR PERIOD (77,616) 175,599 (6,046)
CASH BEGINNING OF PERIOD (15,668) (93,284) 82,315
CASH END OF PERIOD ($93,284) $ 82,315 $ 76,269
======== ======== ========
LOUISIANA POWER & LIGHT COMPANY
QUARTERLY CASHFLOW ESTIMATE
($THOUSANDS)
1994 1994 1994
2nd QTR 3rd QTR 4th QTR
-------- --------- --------
INCOME BEFORE INTEREST CHARGES $ 85,288 $ 112,171 $ 44,222
ADD:
Depreciation & Amortization 37,954 37,954 37,954
Deferred Income Tax & ITC 10,610 10,610 10,615
Unbilled Revenue (16,366) (42) 14,339
Other Non-Cash Items 23,716 41,842 22,757
Recovery of Nuclear Expenses 6,887 8,117 6,758
-------- --------- --------
BALANCE 148,089 210,652 136,645
DEDUCT:
Preferred Dividend Payments 5,701 5,539 5,489
Common Dividend Payments 19,274 45,993 72,219
Interest Payments 26,181 35,033 25,643
Income Tax Payments 23,859 16,353 22,251
Other Tax Payments 17,389 5,124 28,136
Customer Accounts Receivable 23,696 2,540 (22,820)
Texaco Refund 0 0 0
UGPL Amortization 5,283 0 0
Accounts Payable - Other (21,230) 7,396 8,141
Accounts Payable - Associated 21,230 (7,396) (8,141)
Nuclear Refueling 15,996 3,939 (5,001)
Other Working Capital Requirements (1,159) 21,191 (7,304)
-------- --------- --------
TOTAL DEDUCTIONS 136,220 135,712 118,613
BALANCE BEFORE CONSTRUCTION & FINANCING 11,869 74,940 18,032
CONSTRUCTION COSTS EXCLUDING AFUDC 47,078 34,629 26,509
PHASE-IN OF NUCLEAR EXPENSES 0 0 0
NUCLEAR FUEL ABOVE LEASE 0 0 0
BALANCE BEFORE FINANCING (35,209) 40,311 (8,477)
FINANCING:
Sale of Common Stock 0 0 0
Sale of Preferred Stock - Net (6,010) (1,533) 0
First Mortgage Bonds - Net (25,000) 100,000 0
Lont-Term Notes - Net 0 0 0
PCRB Bonds - Net 0 (165) (50)
Proceeds from Nuclear Fuel Lease 0 0 0
Other Long-Term Debt - Net (18) (18) (18)
Short Term Bank Debt - Net 66,000 (87,041) 0
-------- --------- --------
NET CASH FROM FINANCING (31,028) 98,284 (68)
NET CASH RECEIPTS FOR PERIOD (66,237) 138,595 (8,545)
CASH BEGINNING OF PERIOD (42,351) (108,588) 30,007
CASH END OF PERIOD ($108,588) $ 30,007 $ 21,462
========= ========= ========
MISSISSIPPI POWER AND LIGHT COMPANY
QUARTERLY CASHFLOW ESTIMATE
($ THOUSANDS)
1994 1994 1994
2nd QTR 3rd QTR 4th QTR
-------- -------- --------
INCOME BEFORE INTEREST CHARGES $ 28,551 $ 31,271 $ 16,848
ADD:
Depreciation & Amortization 9,045 9,001 8,991
Deferred Income Taxes & ITC (8,651) (8,644) (9,777)
Other Non-Cash Items 27,878 30,269 22,587
Recovery of Nuclear Expenses 24,804 24,804 27,774
-------- -------- --------
BALANCE 81,627 86,701 66,423
DEDUCT:
Preferred Dividend Payments 1,985 1,902 1,797
Common Dividend Payments 9,977 15,614 19,852
Interest Payments 4,477 15,876 2,889
Income Tax Payments 20,578 16,373 20,577
Other Tax Payments 3,588 3,445 4,601
Customer Accounts Receivable 1,347 13,329 (8,729)
Accounts Payable - Other (12,006) 1,741 7,999
Accounts Payable - Associated 2,251 1,886 (7,450)
Storm Damage 49,500 7,000 10,000
Other Working Capital Requirements 20,014 (18,816) (15,624)
-------- ------- -------
TOTAL DEDUCTIONS 101,711 58,350 35,912
BALANCE BEFORE CONSTRUCTION & FINANCING (20,084) 28,351 30,511
CONSTRUCTION COSTS INCLUDING AFUDC 16,737 14,601 14,359
PHASE-IN OF NUCLEAR EXPENSES 0 0 0
BALANCE BEFORE FINANCING (36,821) 13,750 16,152
FINANCING:
Sale of Common Stock 0 0 0
Sale of Preferred Stock - Net 0 (7,000) 0
First Mortgage Bonds - Net (30,000) (18,000) 30,000
PCRB Bonds - Net (130) (120) 0
Other Long-Term Debt 0 0 0
Short-Term Debt - Net 14,000 4,000 (18,000)
-------- -------- --------
NET CASH FROM FINANCING (30,130) (25,120) 30,000
NET CASH RECEIPTS FOR PERIOD (66,951) (11,370) 46,152
CASH BEGINNING OF PERIOD (8,574) (75,525) (86,895)
CASH END OF PERIOD ($75,525) ($86,895) ($40,743)
======== ======== ========
