File No. 70-8055
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-1
______________________________________
POST-EFFECTIVE AMENDMENT NO. 7
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)
_______________________________________
<PAGE>
Gerald D. McInvale Jerry L. Maulden
Senior Vice President Vice Chairman and
and Chief Financial Officer Chief Operating Officer
Entergy Corporation Arkansas Power & Light Company
639 Loyola Avenue 425 West Capitol Avenue
New Orleans, Louisiana 70113 Little Rock, Arkansas 72201
Glenn E. Harder Jerry L. Maulden
Vice President - Vice Chairman and
Financial Strategies Chief Operating Officer
and Treasurer Louisiana Power & Light Company
Entergy Services, Inc. 317 Baronne Street
639 Loyola Avenue New Orleans, Louisiana 70112
New Orleans, Louisiana 70113
Glenn E. Harder Jerry L. Maulden
Treasurer Vice Chairman and
System Fuels, Inc. Chief Operating Officer
639 Loyola Avenue Mississippi Power & Light Company
New Orleans, Louisiana 70113 P. O. Box 1640
Jackson, Mississippi 39215
Donald C. Hintz Jerry L. Maulden
President and Vice Chairman and
Chief Executive Officer Chief Operating Officer
System Energy Resources, Inc. New Orleans Public Service Inc.
Entergy Operations, Inc. 317 Baronne Street
1340 Echelon Parkway New Orleans, Louisiana 70112
Jackson, Mississippi 39213
Jerry L. Maulden
Vice Chairman and
Chief Operating Officer
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 Professional Association
Assistant Treasurer P.O. Box 651
Entergy Services, Inc. Jackson, Mississippi 39205
639 Loyola Avenue
New Orleans, Louisiana 70113
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
Robert B. McGehee, Esq.
Wise Carter Child & Caraway,
<PAGE>
Paul B. Benham, III, Esq. (A Professional Corporation)
Friday, Eldredge & Clark 201 St. Charles Avenue
2000 First Commercial Building New Orleans, Louisiana 70170
400 West Capitol Avenue
Little Rock, Arkansas 72201-3493
Melvin I. Schwartzman, Esq. Thomas J. Igoe, Jr., Esq.
McChord Carrico, Esq. Reid & Priest
Monroe & Lemann 40 West 57th Street
(A Professional Corporation) New York, New York 10019
201 St. Charles Avenue
New Orleans, Louisiana 70170
<PAGE>
Item 1. Description of Proposed Transactions.
Section II. Borrowing Limitations of Item 1 of the
Application-Declaration, as previously amended and supplemented
by Post-Effective Amendment No. 6, is hereby further amended by
restating the final two paragraphs of such section to read as
follows:
"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<FN1> 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).
_________________________________
<FN1> In each refinancing transaction, the estimated present
value savings derived from the net difference between interest or
dividend payments on a new issue of comparable securities and
those securities redeemed and retired was or will be, on an after-
tax basis, greater than the present value of all redemption,
retirement and issuing costs, assuming an appropriate discount
rate, determined on the basis of the then estimated after-tax
cost of capital of Entergy Corporation and its subsidiaries,
consolidated.
<PAGE>
The increase in cash requirements estimated for
Arkansas, Louisiana and Mississippi coupled with the maximum
daily borrowings historically experienced by such companies may
result in short-term borrowings which exceed the maximum amounts
currently authorized by the Commission. In view of the
foregoing, Arkansas, Louisiana and Mississippi request that the
Commission issue a supplemental order herein releasing
jurisdiction over $75 million in the case of Arkansas (increasing
the amount of authorized borrowings from $125 million to $200
million); $75 million in the case of Louisiana (increasing the
amount of authorized borrowings from $125 million to $200
million); and $13 million in the case of Mississippi (increasing
the amount of authorized borrowings from $100 million to $113
million). Arkansas and Louisiana further request that the
Commission reserve jurisdiction in the supplemental order over
additional borrowings of $55 million in the case of Arkansas and
$59 million in the case of Louisiana. The increase in short-term
borrowing authorization sought herein is intended to provide
Arkansas, Louisiana and Mississippi with flexibility to meet
their estimated cash requirements through November 30, 1994 as
well as to manage potential significant swings in cash
requirements that may occur within any given month."
Item 2. Fees, Commissions and Expenses.
Item 2 of the Application-Declaration, as previously
amended and supplemented, is hereby further supplemented to
include the following:
"There are no special or separable fees, commissions or
expenses anticipated to be incurred in connection with the
transactions contemplated by Post-Effective Amendment Nos. 6 and
7, except for legal fees estimated not to exceed $2,500."
<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: April 21, 1994
