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Previous: FORTRESS MUNICIPAL INCOME FUND INC, NSAR-A, 1995-05-01 |
Next: TEMPLETON VARIABLE ANNUITY FUND/FL/, 485BPOS, 1995-05-01 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-13-60
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1994 and Ending December 31, 1994
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
Entergy Services, Inc.
______________________________________________________________
(Exact Name of Reporting Company)
A Subsidiary Service Company
("Mutual" or "Subsidiary")
Date of Incorporation February 11, 1963. If not Incorporated, Date of
Organization
State or Sovereign Power under which Incroporated or Organized Delaware
Location of Principal Executive Offices of Reporting Company
639 Loyola Avenue, New Orleans, Louisiana
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
Mr. L. W. Randall, Vice President & Chief Accounting Officer, P. O. Box 61000,
New Orleans, LA 70161
Name of Principal Holding Company Whose Subsidiaries are served by
Reporting Company:
Entergy Corporation
<PAGE>
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing.
Rule 94 provides that on or before the first day of May in each calendar
year, each mutual service company and each subsidiary service company as
to which the Commission shall have made a favorable finding pursuant to
Rule 88, and every service company whose application for approval or
declaration pursuant to Rule 88 is pending shall file with the
Commission an annual report on Form U-13-60 and in accordance with the
Instructions for that form.
2. Number of Copies.
Each annual report shall be filed in duplicate. The company should
prepare and retain at least one extra copy for itself in case
correspondence with reference to the report become necessary.
3. Period Covered by Report.
The first report filed by any company shall cover the period from the
date the Uniform System of Accounts was required to be made effective as
to that company under Rules 82 and 93 to the end of that calendar year.
Subsequent reports should cover a calendar year.
4. Report Format.
Reports shall be submitted on the forms prepared by the Commission. If
the space provided on any sheet of such form is inadequate, additional
sheets may be inserted of the same size as a sheet of the form or folded
to each size.
5. Money Amounts Displayed.
All money amounts required to be shown in financial statements may be
expressed in whole dollars, in thousands of dollars or in hundred
thousands of dollars, as appropriate and subject to provisions of
Regulation S-X (SS210.3-01(b)).
6. Deficits Displayed.
Deficits and other like entries shall be indicated by the use of either
brackets or a parenthesis with corresponding reference in footnotes.
(Regulation S-X, SS210.3-01(c))
7. Major Amendments or Corrections.
Any company desiring to amend or correct a major omission or error in a
report after it has been filed with the Commission shall submit an
amended report including only those pages, schedules, and entries that
are to be amended or corrected. A cover letter shall be submitted
requesting the Commission to incorporate the amended report changes and
shall be signed by a duly authorized officer of the company.
8. Definitions.
Definitions contained in Instruction 01-8 to the Uniform System of
Accounts for Mutual Service Companies and Subsidiary Service Companies,
Public Utility Holding Company Act of 1935, as amended February 2, 1979
shall be applicable to words or terms used specifically within this Form
U-13-60.
9. Organization Chart.
The service company shall submit with each annual report a copy of its
current organization chart.
10. Methods of Allocation.
The service company shall submit with each annual report a listing of
the currently effective methods of allocation being used by the service
company and on file with the Securities and Exchange Commission pursuant
to the Public Utility Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed.
The service company shall submit with each annual report a copy of the
annual statement supplied to each associate company in support of the
amount of compensation for use of capital billed during the calendar
year.
<PAGE>
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Schedule or Page
Description of Schedules and Accounts Account Number Number
Comparative Balance Sheet Schedule I 5
Service Company Property Schedule II 7
Accumulated Provision for Depreciation and
Amortization of Service Company Property Schedule III 8
Investments Schedule IV 9
Accounts Receivable from Associate Companies Schedule V 9
Fuel Stock Expenses Undistributed Schedule VI 10
Stores Expense Undistributed Schedule VII 10
Miscellaneous Current and Accrued Assets Schedule VIII 11
Miscellaneous Deferred Debits Schedule IX 11
Research, Development, or Demonstration
Expenditures Schedule X 11
Proprietary Capital Schedule XI 12
Long-Term Debt Schedule XII 13
Current and Accrued Liabilities Schedule XIII 14
Notes to Financial Statements Schedule XIV 14
Comparative Income Statement Schedule XV 15
Analysis of Billing - Associate Companies Account 457 16
Analysis of Billing - Nonassociate Companies Account 458 17
Analysis of Charges for Service - Associate and
Nonassociate Companies Schedule XVI 18
Schedule of Expense of Department or
Service Function Schedule XVII 19-20
Departmental Analysis of Salaries Account 920 21
Outside Services Employed Account 923 21
Employee Pensions and Benefits Account 926 22
General Advertising Expenses Account 9301 22
Miscellaneous General Expenses Account 9302 23
Rents Account 931 23
Taxes Other Than Income Taxes Account 408 24
Donations Account 4261 24
Other Deductions Account 4265 25
Notes to Statement of Income Schedule XVIII 25
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS
Page
Description of Reports or Statements Number
Organization Chart 26
Methods of Allocation 26
Annual Statement of Compensation for Use of
Capital Billed 26
Appendix
Information in compliance with Item 4 of
SEC letter dated December 29, 1986 26 - E
<PAGE>
<TABLE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
Schedule I - Comparative Balance Sheet
(In Thousands)
Give balance sheet of the Company as of December 31 of the current and prior
year.
<CAPTION>
Account Assets and Other Debits As of December 31
Current Prior
Service Company Property
<S> <C> <C> <C>
101 Service company property (Schedule II) $126,195 $126,094
107 Construction work in progress (Schedule II) 20,496 6,724
-------- --------
Total Property 146,691 132,818
-------- -------
108 Less accumulated provision for depreciation and amortization of
service company property (Schedule III) 58,105 50,023
-------- -------
Net Service Company Property 88,586 82,795
-------- -------
Investments
123 Investments in associate companies (Schedule IV)
124 Other Investments (Schedule IV)
Total Investments
Current and Accrued Assets
131 Cash 4,108 1,754
134 Special deposits 1,593 455
135 Working funds 139 117
136 Temporary cash investments (Schedule IV) 58,508
141 Notes receivable 12 75
143 Accounts receivable 6,202 5,950
144 Accumulated provision of uncollectible accounts
146 Accounts receivable from associate companies (Schedule V) 36,034 50,441
152 Fuel stock expenses undistributed (Schedule VI)
154 Materials and supplies 252 256
163 Stores expense undistributed (Schedule VII)
165 Prepayments 342 1,017
174 Miscellaneous current and accrued assets (Schedule VIII) 98 874
-------- -------
Total Current and Accrued Assets 107,288 60,939
-------- -------
Deferred Debits
181 Unamortized debt expense
184 Clearing accounts 136 458
186 Miscellaneous deferred debits (Schedule IX) 3,531 5,416
188 Research, development, or demonstration expenditures (Schedule X)
190 Accumulated deferred income taxes 1,430 1,187
-------- -------
Total Deferred Debits 5,097 7,061
-------- -------
TOTAL ASSETS AND OTHER DEBITS $200,971 $150,795
======== ========
Account Account Liabilities and Proprietary Capital As of December 31
Proprietary Capital
201 Common stock issued (Schedule XI) $20 $20
211 Miscellaneous paid-in-capital (Schedule XI)
215 Appropriated retained earnings (Schedule XI)
216 Unappropriated retained earnings (Schedule XI)
Total Proprietary Capital 20 20
-------- -------
Long-Term Debt
223 Advances from associate companies (Schedule XII)
224 Other long-term debt (Schedule XII) 1,619 3,883
225 Unamortized premium on long-term debt
226 Unamortized discount on long-term debt-debit
Total Long-Term Debt 1,619 3,883
-------- -------
Current and Accrued Liabilities
231 Notes payable 65,000
232 Accounts payable 61,303 45,296
233 Notes payable to associate companies (Schedule XIII) 32,861
234 Accounts payable to associate companies (Schedule XIII) 26,799 19,536
236 Taxes accrued 789 1,585
237 Interest accrued
238 Dividends declared
241 Tax collections payable 1,347 643
242 Miscellaneous current and accrued liabilities (Schedule XIII) 5,674 8,670
Total Current and Accrued Liabilities 160,912 108,591
-------- -------
Deferred Credits
253 Other deferred credits (See Note 8) 37,666 37,675
255 Accumulated deferred investment tax credits 754 626
Total Deferred Credits 38,420 38,301
-------- -------
282 Accumulated Deferred Income Taxes
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $200,971 $150,795
========= ========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule II - Service Company Property
(In Thousands)
<S> <C> <C> <C> <C> <C> <C>
Balance at Retirements Balance
Beginning or Other (1) at Close
Description of Year Additions Sales Changes of Year
Service Company Property
Account
301 Organization
303 Miscellaneous Intangible Plant $ 3,693 $ 1,824 $ 297 $ 5,814
304 Land and Land Rights 1,705 1,705
305 Structures and Improvements 949 7,584 186 8,719
306 Leasehold Improvements 21,114 601 16,767 4,948
307 Equipment (2) 76,787 6,121 464 (1,768) 80,676
308 Office Furniture and
Equipment 12,257 6,784 5,582 1,285 14,744
309 Automobiles, Other Vehicles
and Related Garage Equipment 190 190
310 Aircraft and Airport Equipment 9,399 5,582 5,582 9,399
311 Other Service Company
Property (3)
SUB-TOTAL 126,094 28,496 28,395 126,195
-------- -------- ------- ------ --------
107 Construction Work in Progress (4) 6,724 19,290 5,518 20,496
-------- ------- ------- ------ --------
TOTAL $132,818 $47,786 $33,913 $ 0 $146,691
======== ======= ======= ====== ========
</TABLE>
(1) Provide an explanation of those changes considered material:
Reclassification of property.
(2) Subaccounts are required for each class of equipment owned. The service
company shall provide a listing by subaccount of equipment additions during the
year and the balance at the close of the year:
Balance at
Subaccount Description Additions Close of Year
Microwave Equipment
General Office $53 $513
Computer Center 320 2,986
System Operations Center 2,150
EDP Equipment
General Office 418 26,310
Computer Center 3,950 30,513
System Operations Center 1,380 18,204
------ -------
TOTAL $6,121 $80,676
====== =======
(3) Describe other service company property:
(4) Describe construction work in progress: Primarily building construction
(i.e. Training Center, Command Theater, etc.), and property to be
transferred to plant.
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule III - Accumulated Provision for Depreciation and Amortization of
Service Company Property
<S> <C> <C> <C> <C> <C> <C>
(In Thousands)
Balance at Additions Other Balance
Beginning Charged to Changes Add at Close
Description of Year Account 403 Retirements (Deduct) (1) of Year
Account
301 Organization
303 Miscellaneous Intangible Plant $ 1,069 $ 2,064 $ 3,133
304 Land and Land Rights
305 Structures and Improvements 153 51 204
306 Leasehold Improvements 11,877 6,740 16,767 1,850
307 Equipment 27,733 10,524 138 $1,807 39,926
308 Office Furniture and Fixtures 7,666 3,015 161 10,520
309 Automobiles, Other Vehicles
and Related Garage Equipment 115 7 122
310 Aircraft and Airport Equipment 1,410 940 2,350
311 Other Service Company
Property
------- ------- ------- ------ -------
TOTAL $50,023 $23,341 $17,066 $1,807 $58,105
======= ======= ======= ====== =======
</TABLE>
(1) Provide an explanation of those changes considered material:
Other charges for amortization of leased property not charged to Acccount
403 (see Note 4).
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule IV - Investments
(In Thousands)
Instructions:
Complete the following schedule concerning investments.
Under Account 124 "Other Investments," state each investment separately, with
description, including, the name of issuing company, number of shares or
principal amount, etc.
Under Account 136, "Temporary Cash Investments," list each investment
separately.
Balance at Balance at
Description Beginning Close of
of Year Year
Account 123 - Investment in Associate Companies None None
Account 124 - Other Investments None None
Account 136 - Temporary Cash Investments
Money Pool (See Note 2) $58,508 None
------- -----
TOTAL $58,508 - 0 -
======= =====
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule V - Accounts Receivable from Associate Companies
(In Thousands)
Instructions:
Complete the following schedule listing accounts receivable from each associate
company. Where the service company has provided accommodation or convenience
payments for associate companies, a separate listing of total payments for each
associate company by subaccount should be provided.
Balance at Balance at
Description Beginning Close of
of Year Year
Account 146 - Accounts Receivable from
Associate Companies
See page 9-A $50,441 $36,034
------- -------
TOTAL $50,441 $36,034
======= =======
Total
Payments
Analysis of Convenience or Accommodation Payments:
See page 9-A $5,536
------
TOTAL PAYMENTS $5,536
======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule V - Accounts Receivable from Associate Companies
(In Thousands)
Balance at Balance at
Description Beginning Close of
of Year Year
Account 146 - Accounts Receivable from Associate
Companies
Arkansas Power & Light Company $ 7,030 $ 1,641
Louisiana Power & Light Company 22,628 13,053
Mississippi Power & Light Company 5,964 (132)
New Orleans Public Service Inc. 6,022 512
Entergy Corporation 3,671 1,265
Entergy Operations, Inc. 1,162 5,259
Entergy Power, Inc. 118 253
System Fuels, Inc. 35 108
Entergy Enterprises, Inc. 865 338
Gulf States Utilities, Inc. 2,946 9,924
Money Pool 3,813
------- -------
TOTAL $50,441 $36,034
======= =======
Bulk Power Other
Payments Payments
Analysis of Convenience or Accommodation Payments:
Arkansas Power & Light Company ($226,306) ($101)
Louisiana Power & Light Company 197,887 1,778
Mississippi Power & Light Company (22,876) 36
New Orleans Public Service Inc. 40,960 (83)
Entergy Corporation 490
Entergy Operations, Inc. 2,142
Entergy Power, Inc. 2,272 9
System Fuels, Inc. 49
Entergy Enterprises, Inc. 445
Gulf States Utilities, Inc. 45,386 771
Nonassociated Companies (37,323)
-------- ------
$0 $5,536
======== ======
Note: The Accounts Receivable balance as of 12/31/93 from Gulf States
Utilities, Inc. was reclassified as Accounts Receivable from Associate
Companies.
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule VI - Fuel Stock Expenses Undistributed
(In Thousands)
Instructions:
Report the amount of labor and expenses incurred with respect to fuel stock
expenses during the year and indicate amount attributable to each associate
company. Under the section headed "Summary" listed below give an overall report
of the fuel functions performed by the service company.
Description Labor Expenses Total
Account 152 - Fuel Stock Expenses Undistributed None None None
----- ----- -----
TOTAL - 0 - - 0 - - 0 -
===== ===== =====
Summary:
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule VII - Stores Expense Undistributed
(In Thousands)
Instructions:
Report the amount of labor and expenses incurred with respect to stores expense
during the year and indicate amount attributable to each associate company.
Description Labor Expenses Total
Account 163 - Stores Expense Undistributed None None None
------ ------ ------
TOTAL - 0 - - 0 - - 0 -
====== ====== ======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule VIII - Miscellaneous Current and Accrued Assets
(In Thousands)
Instructions:
Provide detail of items in this account. Items less than $10,000 may be grouped,
showing the number of items in each group.
Balance at Balance at
Beginning of Close of
Description Year Year
Account 174 - Miscellaneous Current and
Accrued Assets
See page 11 - A $874 $98
------ -----
TOTAL $874 $98
====== =====
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule IX - Miscellaneous Deferred Debits
(In Thousands)
Instructions:
Provide detail of items in this account. Items less than $10,000 may be grouped
by class showing the number of items in each class.
Balance at Balance at
Description Beginning of Close of
Year Year
Account 186 - Miscellaneous Deferred Debits
See page 11-A $5,416 $3,531
------ ------
TOTAL $5,416 $3,531
====== ======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule X - Research, Development or Demonstration Expenditures
(In Thousands)
Instructions.
Provide a description of each material research, development, or demonstration
project which incurred costs by the service corporation during the year.
Description Amount
Account 188 - Research, Development, or
Demonstration Expenditures None
-----
TOTAL - 0 -
=====
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule VIII - Miscellaneous Current and Accrued Assets
(In Thousands)
Balance at Balance at
Beginning Close of
Description of Year Year
Account 174 - Miscellaneous Current and Accrued Assets
Unbilled expenses and other receivables $874 $98
---- ---
TOTAL $874 $98
==== ===
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule IX - Miscellaneous Deferred Debits
(In Thousands)
Balance at Balance at
Description Beginning of Close of
Year Year
Account 186 - Miscellaneous Deferred Debits
Noncurrent receivable for Associate Companies $5,196 $3,362
Deferred ESOP credit 148 148
Merger Related Signage Changes 71 0
Other (10) 1 21
------ ------
TOTAL $5,416 $3,531
====== ======
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XI - Proprietary Capital
<S> <C> <C> <C> <C> <C>
Number of Shares Par or Stated Outstanding Close of Period
Account Number Class of Stock Authorized Value Per Share No. of Shares Total Amount
201 Common Stock Issued 50,000 $10.00 2,000 $20,000
------ ------ ----- -------
</TABLE>
Instructions:
Classify amounts in each account with brief explanation, disclosing the general
nature of transactions which give rise to the reported amounts.
Description Amount
Account 211 - Miscellaneous Paid-in Capital None
Account 215 - Appropriated Retained Earnings None
-----
TOTAL - 0 -
-----
Instructions:
Give particulars concerning net income or (loss) during the year, distinguishing
between compensation for the use of capital owed or net loss remaining from
servicing nonassociates per the General Instructions of the Uniform System of
Accounts. For dividends paid during the year in cash or otherwise, provide rate
percentage, amount of dividend, date declared and date paid.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Balance at Balance at
Beginning of Net Income Dividends Close of
Description Year -or (loss) Paid Year
Account 216 - Unappropriated Retained Earnings None None None None
----- ----- ----- -----
TOTAL - 0 - - 0 - - 0 - - 0 -
===== ===== ===== =====
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XII - Long-Term Debt
(In Thousands)
Instructions:
Advances from associate companies should be reported separately for advances on
notes, and advances on open account. Names of associate companies from which
advances were received shall be shown under the class and series of obligation
column. For Account 224 - Other long-term debt provide the name of creditor
company or organization, terms of the obligation, date of maturity, interest
rate, and the amount authorized and outstanding.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Terms of
Obligation Balance Balance
Class & at at
Series of Date of Interest Amount Beginning Close
Name of Creditor Obligation Maturity Rate Authorized of Year Additions Deductions(1) of Year
Account 223 - Advances from
Associate
Companies: None None None
Account 224 - Other Long-Term
Debt: Lease 6/30/96 11% $17,200 $3,883 - 0 - $2,264 $1,619
------ ----- ------ ------
Obligation
(See Note 4)
TOTAL $3,883 - 0 - $2,264 $1,619
====== ===== ====== ======
</TABLE>
(1) Give an explanation of Deductions:
Payment of lease obligation ($2,264).
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XIII - Current and Accrued Liabilities
(In Thousands)
Instructions:
Provide balance of notes and accounts payable to each associate company. Give
description and amount of miscellaneous current and accrued liabilities. Items
less than $10,000 may be grouped, showing the number of items in each group.
Balance
at Balance
Beginning at Close
Description of Year of Year
Account 233 - Notes Payable to Associate Companies
Money Pool $32,861 $0
------- -------
TOTAL $32,861 $0
======= =======
Account 234 - Accounts Payable to Associate Companies
See page 14-A $19,536 $26,799
------- -------
TOTAL $19,536 $26,799
======= =======
Account 242 - Miscellaneous Current and Accrued
Liabilities
See page 14-A $8,670 $5,674
------ ------
TOTAL $8,670 $5,674
====== ======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XIV - Notes to Financial Statements
Instructions:
The space below is provided for important notes regarding the financial
statements or any account thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the end of the year. Notes relating
to financial statements shown elsewhere in this report may be indicated here by
reference.
PAGES 14-B THRU 14-G
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XIII - Current and Accrued Liabilities
(In Thousands)
Balance at Balance
Beginning at Close
Description of Year of Year
Account 234 - Accounts Payable to Associate Companies
Arkansas Power & Light Company $17,634 $17,842
Louisiana Power & Light Company 849 283
Mississippi Power & Light Company 442 2,869
New Orleans Public Service Inc. 116
Gulf States Utilities, Inc. 5,360
Entergy Corporation 6
Entergy Operations 395 215
Entergy Power, Inc
Entergy Enterprise, Inc.
System Fuels, Inc.
Money Pool Interest 100 224
------- -------
TOTAL $19,536 $26,799
======= =======
Account 242 - Miscellaneous Current And Accrued Liabilities
Deferred and incentive compensation plans $4,980
Accrued rent expense 1,030 1,030
Accrued savings plan expense and withholdings 183 205
Accrued benefit plans expense and withholdings 2,464 2,422
Accrued Severence Pay 1,412
Accrued Audit Expense 13 (6)
Accrued Claims Liability 611
------ ------
TOTAL $8,670 $5,674
====== ======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
FOR YEAR ENDED DECEMBER 31, 1994
SCHEDULE XIV - NOTES TO FINANCIAL STATEMENTS
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Organization and System of Accounts
Entergy Services, Inc. (Entergy Services), a wholly
owned subsidiary of Entergy Corporation (Entergy), was
authorized to conduct business as a service company for
Entergy and Subsidiaries (the System) by order of the
Securities and Exchange Commission (SEC) dated March,
1963 and made permanent March 1965. Entergy Services
is organized along functional lines to accomplish its
purpose of providing management, administrative, and
technical services to the System companies. Such
services are priced so that Entergy Services operates
on a break-even basis.
On December 31, 1993 Entergy merged with Gulf States
Utilities Company (Gulf States). As a result of the
merger, Entergy Services began providing services to
Gulf States in 1994 and a number of Gulf States
employees became Entergy Services employees.
The accounts of Entergy Services are maintained in
accordance with the Public Utility Holding Company Act
of 1935, as administered by the SEC, which has adopted
a system of accounts consistent with the system of
accounts prescribed by the Federal Energy Regulatory
Commission.
B. Depreciation and Amortization
Depreciation is computed on the straight-line basis at
rates based on the estimated service lives of the
various classes of property. Amortization of leasehold
improvements is computed on the straight-line basis
over the lease term.
C. Income Taxes
Entergy Services joins in the filing of a consolidated
Federal income tax return with Entergy Corporation and
subsidiaries. The income tax effects of Entergy
Services taxable income or loss are allocated to the
other System Companies under an intra-System income tax
allocation agreement. Although Entergy Services is not
allocated Federal income taxes, Entergy Services is
allocated the benefits of investment tax credits.
Investment tax credits are deferred and amortized based
upon the average useful life of the related property,
beginning with the year utilized on the consolidated
tax return.
Entergy Services files a consolidated Arkansas state income
tax return with certain other System companies; a combined
Mississippi state income tax return with other System
companies: and, a separate company Louisiana state income
tax return.
Effective January 1, 1993, Entergy Services adopted the
Financial Accounting Standards Board (FASB) Statement of
Financial Accounting Standards (SFAS) 109, "Accounting for
Income Taxes."
This new standard requires that deferred income taxes be
recorded for all temporary differences and carryforwards,
and that deferred tax balances be based on enacted tax laws
at tax rates expected to be in effect when the temporary
differences reverse. There was no significant impact from
the adoption of SFAS 109 on the financial statements of
Entergy Services.
Entergy Services' effective income tax rate was 100% in
1994, 1993 and 1992, compared to the current Federal
statutory income tax rate of 35%. The primary reason for
the difference between the effective and statutory income
tax rates is that the Company collects revenue adequate to fund
its income tax expense.
D. Fair Value Disclosures
Entergy Services considers the carrying amounts of financial
instruments classified as current assets and liabilities to
be a reasonable estimate of their fair value because of the
short maturity of these instruments. Determination of the
fair value of other financial instruments is not considered
to be practicable due to their nature.
2. NOTES PAYABLE
Entergy Services has a line of credit with Entergy which was
for $90 million through November 30, 1994. Effective
December 1, 1994, this line of credit was increased to $150
million and extended through November 30, 1996. This line
of credit was not used during 1994, 1993 or 1992.
At December 31, 1994, Entergy Services had a total of $65
million in notes payable to a number of regional banks.
These notes, which are guaranteed by Entergy, mature no
later than May 31, 1995 and had an average effective
interest rate of 7.1% at December 31, 1994.
Entergy Services participates with certain other System
companies in a System Money Pool (Money Pool) arrangement
whereby those companies with available funds may invest in
the Money Pool while other System companies, except Entergy
Corporation, may borrow, on a short-term basis, from the
Money Pool, thereby reducing the System's dependence on
external short-term borrowings. As authorized by the SEC,
the borrowings by Entergy Services from the Money Pool may
not exceed the amount of the unused portion of the line of
credit discussed above.
The borrowings and applicable interest rates under the Money
Pool arrangement were as follows (in thousands):
1994 1993 1992
Average borrowing $52,258 $41,084 $52,875
Maximum borrowing at month end 71,239 42,768 58,510
Average effective interest rate:
During the year 4.0% 3.2% 3.7%
At end of year 6.1% 3.3% 3.8%
At December 31, 1994, Entergy Services had a $62.3 million
temporary cash investment position in the Money Pool which was
considered to be a cash equivalent since the maturity is
less than three months.
3. POSTRETIREMENT AND POSTEMPLOYMENT BENEFITS
Pension Plan
Entergy Services has a defined benefit pension plan covering
substantially all of its employees. The pension plan is
noncontributory and provides pension benefits that are based
on employees' credited service and average compensation,
generally during the last five years before retirement.
Entergy Services funds pension costs in accordance with
contribution guidelines established by the Employee
Retirement Income Security Act of 1974, as amended, and the
Internal Revenue Code of 1986, as amended. The assets of
the plan consist primarily of common and preferred stocks,
fixed income securities, interest in a money market fund and
insurance contracts.
Entergy Services' total 1994, 1993, and 1992 allocated
pension cost, including amounts capitalized, included the
following components (in thousands):
1994 1993 1992
Service cost-benefits earned during the period $5,314 $3,079 $2,522
Interest cost on the projected benefit obligation 5,948 4,229 3,777
Actual return on plan assets 410 (4,219) (2,265)
Net amortization and deferral (2,504) 1,678 (46)
------ ------ ------
Net pension cost $9,168 $4,767 $3,988
====== ====== ======
The funded status of the pension plan, with respect to
Entergy Services, at December 31, 1994 and 1993 was as
follows (in thousands):
1994 1993
Actuarial present value of accumulated pension plan
benefits:
Vested $49,414 $44,337
Nonvested 1,060 666
------- --------
Accumulated benefit obligation $50,474 $45,003
======= =======
Plan assets at fair value $49,914 $40,747
Projected benefit obligation 75,971 65,640
------- -------
Plan assets less than projected benefit obligation (26,057) (24,893)
Unrecognized prior service cost 2,874 1,273
Unrecognized transition asset (1,811) (1,977)
Unrecognized net loss (gain) 15,374 12,939
------- --------
$(9,620) $(12,658)
======= ========
The significant actuarial assumptions used included a
weighted average discount rate of 8.5% for 1994, 7.5% for
1993 and 8.25% for 1992, and a weighted average rate of
increase in future compensation levels of 5.1% for valuing
the projected benefit obligation for 1994 and 5.6% for 1993
and 1992. An assumed expected long-term rate of return on
plan assets of 8.5% was used for 1994, 1993 and 1992.
Transition assets are being amortized over the average
remaining service period of active participants.
Entergy Services has adopted the Supplemental Retirement
Plan of Entergy Corporation and Subsidiaries and the Post-
Retirement Plan of Entergy Corporation and Subsidiaries for
certain executive officers. Certain participants in these
plans receive benefits based on a percentage of their
salaries. The actuarially projected obligation for these
plans, which is not included in the pension plan tables
above, was initially recorded during 1992 and is
periodically updated. These plans are unfunded and benefits
are paid from general Company assets. At December 31, 1994
and 1993, the recorded liability for these plans was
approximately $15.7 million and $10.2 million, respectively.
The discount rates used in the determination of these
liabilities were 8.25% in 1994 and 7.5% in 1993.
Entergy Services' total recorded pension liability
(including the funded plan covering substantially all
employees and the supplemental unfunded plans described
above) at December 31, 1994 and 1993, was $25.3 million and
$22.8 million, respectively.
Other Postretirement Benefits
Entergy Services also provides certain health care and life
insurance benefits for retired employees. Substantially all
employees may become eligible for these benefits if they
reach retirement age while still working for Entergy
Services. The cost of providing these benefits, recorded on
a cash basis, to retirees in 1992 was approximately
$400,000.
Effective January 1, 1993, Entergy Services adopted SFAS
106, "Employers' Accounting for Postretirement Benefits
Other Than Pensions". The new standard required a change
from a cash method to an accrual method in accounting for
these benefits. At January 1, 1993, the actuarially
determined accumulated postretirement benefit obligation
earned by retirees and active employees was estimated to be
approximately $14.1 million. This obligation is being
amortized as expense over a 20-year period beginning in
1993. Entergy Services is recovering the increased cost of
other postretirement benefits due to the adoption of SFAS
106 under the Services Agreements with the System companies.
Total postretirement benefit costs of Entergy Services for
1994 and 1993, including amounts capitalized, included the
following components (in thousands):
1994 1993
Service cost - benefits earned during the period $1,850 $1,069
Interest cost on accumulated postretirement
benefit obligation (APBO) 1,259 1,141
Return on plan assets 0 0
Net amortization and deferral 794 704
------ ------
Net periodic postretirement benefit cost $3,903 $2,914
====== ======
The funded status of Entergy Services' postretirement plans
as of December 31,1994 and 1993, was (in thousands):
1994 1993
Accumulated postretirement benefit obligation:
Retirees $ 5,084 $ 5,337
Other fully eligible participants 4,628 3,712
Other active participants 7,288 9,529
------- -------
17,000 18,578
Plan assets at fair value 0 0
------- -------
Plan assets less than APBO (17,000) (18,578)
Unrecognized transition obligation 12,657 13,361
Unrecognized net loss (gain) (1,574) 2,778
------- -------
Accrued postretirement benefit liability $(5,917) $(2,439)
======= =======
The assumed health care cost trend rate used in measuring
Entergy Services' APBO was 9.4% for 1995, gradually decreasing
each successive year until it reaches 5.0% in 2011. A one
percentage increase in the assumed health care cost trend
rate for each year would have increased the APBO of Entergy
Services as of December 31, 1994 by 8.4% and the sum of the
service cost and interest cost by approximately 12.4%. The
assumed discount rates and rates of increase in future
compensation used in determining the APBO were 8.5% in 1994
and 7.5% in 1993 and 5.1% in 1994 and 5.5% in 1993,
respectively.
4. LEASES
The Company records the assets and related obligations
applicable to capital leases. The assets and liabilities
associated with the capital lease at December 31, 1994 and
1993 are presented below (in thousands):
Assets:
1994 1993
Computer equipment $9,673 $9,673
Accumulated amortization (5,957) (4,150)
------ ------
Net $3,716 $5,523
====== ======
Liabilities:
Capital lease obligation $1,619 $3,883
Current portion of capital lease obligation 2,097 1,640
------ ------
Total $3,716 $5,523
====== ======
At December 31, 1994, Entergy Services had capital and
noncancelable operating leases with minimum lease payments
as follow (in thousands):
Capital Operating
Lease Leases
1995 $3,037 $ 17,236
1996 1,519 14,163
1997 11,272
1998 10,217
1999 10,134
For years thereafter 83,822
------ --------
Minimum rental commitments 4,556 $146,844
========
Less amount representing interest 840
------
Present value of net minimum lease payments $3,716
======
Rental expense for capital and operating leases amounted to
approximately $33.4 million, $18.0 million, and $20.0
million for 1994, 1993 and 1992 respectively. The increase
in expense in 1994 from 1993 was principally due to
increased building rentals. Entergy has guaranteed Entergy
Services' obligations under the capital leases.
5. BULK POWER SYSTEM OPERATIONS
Entergy Services acts as agent for the coordination of joint
bulk power system operations among the System operating
companies. All amounts receivable from the power purchasers
or payable to the power suppliers as a result of the bulk
power transactions are recorded in Entergy Services'
accounts receivable or accounts payable balances, and have
no effect on Entergy Services' income or expenses.
6. SALE AND LEASEBACK OF COMPUTER CENTER
During 1985, Entergy Services entered into an agreement for
the sale and leaseback of the Computer Center land and
building. The related lease has been classified as an
operating lease for accounting purposes and, accordingly,
the net book value of the building has been removed from the
balance sheet. A gain on the sale of approximately $3.5
million was deferred and is being amortized over the primary
term of the lease which is twenty-five years with the option
to extend the lease for six additional consecutive terms of
five years each. Estimated future minimum rental
commitments related to this lease are included in Note 4 -
"Leases."
7. CANCELLED LEASE PAYABLE
Effective January 1, 1991, Entergy Services entered into a
sublease agreement for a leased office building. Entergy
Services recorded a loss on its 1991 financial statements of
$6.2 million primarily for the difference between the
remaining lease payments and the expected future rentals to
have been received. In 1992, Entergy Services canceled the
lease agreement and replaced it with a new agreement with
the new owners of the building. In conjunction with the
lease cancellation, Entergy Services received a payment of
$4.7 million from the sublessor in settlement of its
obligation under the sublease, and an additional loss of
$1.3 million was recorded, primarily for the difference
between the amount received from the sublessor and the
expected future sublease rental amount utilized in the
initial computation of the loss. The new arrangement
provides for monthly payments of $171,000 through September
1997. The System companies are being billed their appropriate
share of such payments.
The noncurrent liability represents the amounts payable
under the new arrangement, net of approximately $2.1 million
for the current portion included in Accounts Payable. The
noncurrent receivable from associated companies represents
amounts not yet collected from billing of the losses.
8. OTHER DEFERRED CREDITS
Other Deferred Credits (Account #253) consist of the following:
1994 1993
Unamortized gain on the sale of Computer Center
(Note 6) $2,294 $2,457
Accrued pension and postretirement benefit liabilities
(Note 3) 31,227 24,792
Cancelled lease payable (Note 7) 3,408 8,022
Accrued rental liability 445 2,374
Other 292 30
------- -------
$37,666 $37,675
======= =======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XV Statement of Income
(In Thousands)
Current Prior
Account Description Year Year
Income
457 Services rendered to associate companies $411,162 $270,770
458 Services rendered to nonassociate companies 194 326
421 Miscellaneous income or loss 331 113
-------- --------
Total Income $411,687 $271,209
======== ========
Expense
920 Salaries and wages 163,191 116,863
921 Office supplies and expenses 42,560 24,295
922 Administrative expense transferred - credit
923 Outside services employed 51,249 42,644
924 Property insurance 467 584
925 Injuries and damages 37 60
926 Employee pensions and benefits 36,479 19,698
928 Regulatory commission expense
930.1 General advertising expenses 3,475 6,159
930.2 Miscellaneous general expenses 16,927 5,926
931 Rents 46,088 23,906
932 Maintenance of structures and equipment 11,358 8,143
403 Depreciation and amortization expense 23,341 11,464
408 Taxes other than income taxes 13,745 10,204
409 Income taxes 124 313
410 Provision for deferred income taxes
411 Provision for deferred income taxes - credit (243) (191)
411.5 Investment tax credit 128 (189)
426.1 Donations 4 29
426.5 Other deductions
427 Interest on long-term debt
430 Interest on debt to associate companies 2,467 1,300
431 Other interest expense 290 1
-------- --------
Total Expense $411,687 $271,209
-------- --------
Net Income or (Loss) $ 0 $ 0
======== ========
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Analysis of Billing
Associate Companies - Account 457
(In Thousands)
Direct Indirect Compensation Total
Costs Costs For Use Amount
Name of Associate Company Charged Charged of Capital Billed
457-1 457-2 457-3
Arkansas Power & Light Company $71,300 $18,531 $89,831
Gulf States Utilities, Inc. 84,794 21,095 105,889
Louisiana Power & Light Company 70,550 18,989 89,539
Mississippi Power & Light Company 39,329 10,321 49,650
New Orleans Public Service Inc. 20,591 5,370 25,961
Entergy Corporation 16,764 4,708 21,472
System Fuels, Inc. 1,561 467 2,028
Entergy Enterprises, Inc. 695 334 1,029
Entergy Operations, Inc. 19,935 5,550 25,485
Entergy Power, Inc. 319 93 412
Deferred (148) 14 (134)
-------- ------- ----- --------
TOTAL $325,690 $85,472 - 0 - $411,162
======== ======= ===== ========
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Analysis of Billing
Nonassociate Companies - Account 458
(In Thousands)
Instruction:
Provide a brief description of the services rendered to each nonassociate
company:
Direct Indirect Compensation Excess Total
Cost Cost For Use Total Or Amount
Name of Nonassociate Company Charged Charged of Capital Cost Deficiency Billed
458-1 458-2 457-3 458-4
<S> <C> <C> <C> <C> <C> <C>
Entergy Services Pension Plan $178 $16 $194 $194
Administration of Entergy
Services pension plan
---- --- -- ---- -- ----
TOTAL $178 $16 $0 $194 $0 $194
==== === == ==== == ====
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XVI - Analysis of Charges for Service Associate and Nonassociate
Companies
(In Thousands)
Instruction:
Total cost of service will equal for associate and nonassociate companies the
total amount billed under their separate analysis of billing schedules.
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Associate Company Charges Nonassociate Company Total Charges for Service
Direct Indirect Direct Indirect Direct Indirect
Account Description of Items Cost Cost Total Cost Cost Total Cost Cost Total
920 Salaries and Wages $126,975 $36,066 $163,041 $134 $16 $150 $127,109 $36,082 $163,191
921 Office Supplies and
Expenses 35,507 7,051 42,558 2 2 35,509 7,051 42,560
922 Administrative Expense
Transferred - Credit
923 Outside Services Employed 46,191 5,058 51,249 46,191 5,058 51,249
924 Property Insurance 6 461 467 6 461 467
925 Injuries and Damages 1 36 37 1 36 37
926 Employee Pensions and
Benefits 32,850 3,600 36,450 29 29 32,879 3,600 36,479
928 Regulatory Commission
Expense
930.1 General Advertising 3,265 210 3,475 3,265 210 3,475
Expenses
930.2 Miscellaneous General 14,531 2,391 16,922 5 5 14,536 2,391 16,927
Expenses
931 Rents 42,471 3,609 46,080 8 8 42,479 3,609 46,088
932 Maintenance of Structures
and Equipment 10,029 1,329 11,358 10,029 1,329 11,358
403 Depreciation and
Amortization Expense 162 23,179 23,341 162 23,179 23,341
408 Taxes Other Than Income
Taxes 13,713 32 13,745 13,713 32 13,745
409 Income Taxes 124 124 124 124
410 Provision for Deferred
Income Taxes
411 Provision for Deferred
Income Taxes - Credit (243) (243) (243) (243)
411.5 Investment Tax Credit 128 128 128 128
426.1 Donations 4 4 4 4
426.5 Other Deductions
427 Interest on Long-Term Debt
431 Other Interest Expense 290 290 290 290
-------- ------- -------- ---- --- ---- -------- ------- --------
TOTAL EXPENSES 325,701 83,325 409,026 178 16 194 325,879 83,341 409,220
-------- ------- -------- ---- --- ---- -------- ------- --------
Compensation for use of
Equity Capital
-------- ------- -------- ---- --- ---- -------- ------- --------
430 Interest on Debt to
Associate Companies 2,467 2,467 2,467 2,467
-------- ------- -------- ---- --- ---- -------- ------- --------
TOTAL COST OF SERVICE $325,701 $85,792 $411,493 $178 $16 $194 $325,879 $85,808 $411,687
======== ======= ======== ==== === ==== ======== ======= ========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XVII - Schedule of Expense Distribution by Department or Service
Function
(In Thousands)
Instruction:
Indicate each department or service function. (See Instruction 01-3 General
Structure of Accounting System: Uniform System of Accounts).
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
--------------DEPARTMENT OR SERVICE FUNCTION---------------
Account Total Admin Aviation Eng & Tech Legal Finance External Fuel
Number Description of Items Amount Overhead Services Support Services Affairs
920 Salaries and Wages $163,191 $5,528 $7,610 $1,468 $11,199 $4,145 $21,146 $6,327 $8,154
921 Office Supplies and 2,779
Expenses $42,560 5,856 3,975 1,954 461 2,140 1,393 1,118
923 Outside Services Employed $51,249 8,584 1,037 24 7,140 9,613 1,270 2,472 353
924 Property Insurance $467 5 433 29
925 Injuries and Damages $37 1 35 1
926 Employee Pensions and 3,006
Benefits $36,479 2,170 372 2,816 973 5,425 1,497 2,100
928 Regulatory Commission
Expense
930.1 General Advertising 70 11
Expenses $3,475 12 4 1,198 4
930.2 Miscellaneous General
Expenses $16,927 5,255 944 400 171 131 288 748 342
931 Rents
$46,088 3,058 22,529 4,560 126 14 90 96 18
932 Maintenance of Structures
and Equipment $11,358 73 2,043 2,150 377 82 25 245
403 Depreciation and
Amortization Expense $23,341 5,469 798 1,433 557 213 858 847 1,747
408 Taxes Other Than Income
Taxes $13,745 (7,513) 1,034 203 1,538 64 2,850 855 1,148
409 Income Taxes $124 124
410 Provision for Deferred
Income Taxes
411 Provision for Deferred
Income Taxes - Credit ($243) (243)
411.5 Investment Tax Credit $128 128
426.1 Donations $4
426.5 Other Deductions
427 Interest on Long-Term Debt
430 Interest on Debt to
Associate Companies $2,467 2,467
431 Other Interest Expense $290 290
-------- ------- ------- ------- ------- ------- ------- ------- -------
TOTAL EXPENSES $411,687 $32,153 $42,156 $13,389 $25,878 $16,126 $34,621 $15,488 $15,229
======== ======= ======= ======= ======= ======= ======= ======= =======
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XVII - Schedule of Expense Distribution by Department or Service
Function
(In Thousands)
DEPARTMENT OR SERVICE FUNCTION
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Trans
Human Information Customer Plant & Nuclear
Resources Services Marketing Service Operations Dist.
920 Salaries and Wages $6,952 $23,034 $9,365 $36,095 $6,989 $15,046 $133
921 Office Supplies and Expenses 1,250 9,333 2,840 6,065 1,158 2,238
923 Outside Services Employed 2,333 4,125 6,336 4,645 2,667 610 40
924 Property Insurance
925 Injuries and Damages (4) 3 1
926 Employee Pensions and
Benefits (4,930) 5,791 2,683 8,654 1,838 4,053 31
928 Regulatory Commission
Expense
930.1 General Advertising
Expenses (18) 2,020 167 3 4
930.2 Miscellaneous General
Expenses 1,870 650 650 4,795 136 539 8
931 Rents 48 14,663 27 69 54 733 3
932 Maintenance of Structures
and Equipment 12 5,069 36 491 693 62
403 Depreciation and
Amortization Expense 1,036 7,055 470 709 284 1,865
408 Taxes Other Than Income
Taxes 938 3,159 1,332 4,498 965 2,156 18
409 Income Taxes
410 Provision for Deferred
Income Taxes
411 Provision for Deferred
Income Taxes - Credit
411.5 Investment Tax Credit
426.1 Donations 4
426.5 Other Deductions
427 Interest on Long-Term Debt
430 Interest on Debt to
Associate Companies
431 Other Interest Expense
------ ------- ------- ------- ------- ------- ----
TOTAL EXPENSES $9,495 $72,875 $25,759 $66,191 $14,787 $27,307 $233
====== ======= ======= ======= ======= ======= ====
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Departmental Analysis of Salaries - Account 920
(In Thousands)
Departmental Salary Expense
Name of Department Included in Amounts Billed to Number of
Indicate each department Total Parent Other Non Personnel
or service function Amount Company Associates Associates End of Year
See page 21-A $163,191 $6,459 $156,582 $150 2,631
-------- ------ -------- ---- -----
TOTAL $163,191 $6,459 $156,582 $150 2,631
======== ====== ======== ==== =====
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC
For the Year Ended December 31, 1994
Outside Services Employed - Account 923
(In Thousands)
Instructions:
Provide a breakdown by subaccount of outside services employed. If the aggregate
amounts paid to any one payee and included within one subaccount is less than
$25,000, only the aggregate number and amount of all such payments included
within the subaccount need be shown. Provide a subtotal for each type of
service.
Relationship
"A" - Associate
"NA" - Non
From Whom Purchased Address Associate Amount
See pages 21-B thru 21-H $51,249
=======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Departmental Analysis of Salaries - Account 920
(In Thousands)
Departmental Salary Expense
Name of Department Included in Amounts Billed to Number of
Indicate each department Total Parent Other Non Personnel
or service function Amount Company Associates Associates End of Year
Corporate Overhead 5,528 1,706 3,822 104
Administrative Services 7,610 565 7,045 150
Aviation 1,468 191 1,277 26
Engineering & Tech Support 11,199 4 11,195 156
Legal Services 4,145 352 3,793 62
Finance 21,146 1,679 19,425 42 378
External Affairs 6,327 666 5,661 110
Fuel 8,154 17 8,137 119
Human Resources 6,952 229 6,617 106 114
Information Services 23,034 633 22,401 369
Marketing 9,365 3 9,362 171
Customer Service 36,095 311 35,782 2 518
Plant Operations 6,989 101 6,888 95
Transmission & Distribution 15,046 2 15,044 259
Nuclear 133 133
-------- ------ -------- ---- -----
$163,191 $6,459 $156,582 $150 2,631
======== ====== ======== ==== =====
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Outside Services Employed - Account 923
(In Thousands)
Relationship
"A" - Associate
"NA" - Non
From Whom Purchased Associate Amount
OUTSIDE SERVICE - LEGAL
Affiliated Reporting NA $52
Baker & Botts, LLP NA 1553
Bickerstaff, Heath & Smiley, LLP NA 741
Chisenhall, Nestrud & Julian NA 42
Clark, Thomas & Winters NA 286
Cohan Simpson Cowlishaw Aranza NA 190
Friday, Eldredge & Clark NA 47
Galland Kharasch Morse & Garfield NA 26
Haynes & Boone LLP NA 57
Holcomb, Dunbar, Connell NA 108
Howry & Simon NA 28
Huber, Lawrence & Abell NA 731
Jackson & Walker LLP NA 33
Jones, Walker, Waechter, et.al. NA 171
Kullman, Inman, Bee, Downing & Banta NA 147
McTeer & Byers NA 28
Mills, Shirley, Eckel & Bassett NA 52
Mississippi Power & Light Co. A 94
Mitchell, Williams, Selig, et.al. NA 64
Monroe & Lemann NA 28
Orgain, Bell & Tucker NA 241
Phelps Dunbar NA 34
Reid & Priest NA 391
Shaw, Pittman, Potts & Trowbridge NA 29
Skadden, Arps, Slate, Meagher NA 102
Slover & Loftus NA 59
Stockwell, Sievert, Viccellio NA 102
Stone, Pigman, Walther NA 199
Taylor, Porter, Brooks & Phillip NA 1,040
Watkins, Ludlam & Stennis NA 43
Winston & Strawn NA 276
Wise, Carter, Child & Caraway NA 522
Wright & Talisman NA 106
Others (172) NA 157
-----
Total 7,779
-----
OUTSIDE SERVICE - ENGINEERING
A. J. Adoue & Associates NA 70
Atlanta Technical Support NA 38
Burns & McDonnell NA 282
Douglass & Gallagher NA 136
Ebasco Services, Inc. NA 1,567
Electric Power Research Institute NA 125
Entech Inc. NA 155
Flour Daniel NA 4,461
FTN Associates, Ltd NA 35
H & R2 Inc. NA 48
Henry Markel Associates NA 49
Independent Consultant Services Inc. NA 34
Joe Pohlman Consultants NA 28
Landmark Surveying NA 44
Parviz Rastgoufard, Phd, PE NA 33
Petrocon Engineering, Inc. NA 154
Paul C. Rizzo NA 39
Raytheon Engineers NA 369
Stone & Webster Engineering NA 151
Tulane University NA 39
Walk Haydel & Associates NA 192
Woodward Clyde Consultants NA 194
Others ( 59 ) NA 257
-----
Total 8,500
-----
OUTSIDE SERVICE - AUDITING
Bechtel Constructors NA 38
Coopers & Lybrand NA 50
Others ( 5 ) NA 12
---
Total 100
---
OUTSIDE SERVICE - MANAGEMENT
CONSULTANTS
Andersen Consulting NA 421
Commint Technical Services NA 53
Competitive Edge Business Systems NA 29
Enterprise Resource Management, Inc. NA 40
International Survey Research Group NA 212
Joe Donnelly NA 150
Manatech Management NA 94
McKinsey & Company, Inc. NA 5,894
RHR International Co. NA 134
Strategic Performance Management NA 298
Others (34 ) NA 263
-----
Total 7,588
-----
OUTSIDE SERVICE - OTHER
A & C Enercom NA 257
ABB C-E Services, Inc. NA 37
Acruarial Sciences Associates, Inc. NA 99
Addison Corp Annual Report NA 42
ADM Associates, Inc NA 109
Alexander Group, Inc. NA 119
Accufile NA 159
APG USA, Inc. NA 39
Archie Manning NA 39
Arkansas Power & Light A 1,613
Aspen Systems Corp. NA 40
Barakat & Chamberlin, Inc. NA 294
Bart's Office Furniture NA 195
Beck Associates, Inc. NA 57
Bill Grimes & Associates NA 48
Bobrow Consulting Group, Inc. NA 33
Bravo Special Events NA 31
Brooks & Jackson, Inc. NA 29
Bryan Associates, Inc. NA 178
Bunder Computer Service NA 28
Cambridge Energy Research NA 215
Caps Logistics, Inc. NA 25
Cities Steering Committee NA 205
Comdisco NA 293
Compuserve NA 26
Computer Merchant, LTD NA 57
Computer Systems Authority NA 101
Comshare, Inc. NA 61
Connally Consulting NA 136
Cox Electronic Publishing NA 34
Cranford Johnson Robinson Woods NA 54
Crown Sterling International NA 145
CSC Forum, Inc. NA 29
Cummings, Inc. NA 44
Dell USA NA 31
Deloitte & Touche NA 234
Delta-Comm, Inc. NA 213
Dennis Thomas & Associates NA 44
Diamond Data Systems, Inc NA 249
Diversified Computer Consultants NA 409
DMC Services NA 158
Donn Young Photography NA 29
Drake Beam Morin, Inc. NA 38
Early Cochran & Olson NA 38
Econat Inc. NA 285
Edu-Tech Industries NA 53
EKCC NA 48
Electric Power Research Institute NA 2,355
Energy Management Associates, Inc. NA 53
Energy Market Solutions NA 53
Entre Computer Center NA 462
Environmental Consultants NA 149
Equifax Credit Info Services NA 92
Financial Concepts & Applications NA 56
Financial Decision Systems, Inc. NA 40
First National Bank NA 60
Focus Research NA 232
General Electric Company NA 61
George B Buck Consulants NA 111
Georgine K Berthelot NA 95
Glass & Associates, Inc. NA 187
Guideline Research Corp. NA 285
HBRS, Inc. NA 110
Heath & Co. NA 194
Hewitt Associates NA 366
Hibernia National Bank NA 502
Hooper Hooper Owen & Gould NA 191
I. William Sizeler NA 27
IBM Corp. NA 64
Infinity Data Systems NA 32
James E Booker NA 29
Jerry Jackson & Associates NA 50
Keller and Heckman NA 44
Kemp & Marshall, Inc. NA 33
Kennedy and Associates NA 262
KFG Inc. NA 74
Kirk Tyson International NA 43
Kwasha Lipton NA 33
Louisiana Power & Light Co., Inc A 367
Lamalie Associates, Inc. NA 346
LCG Consulting NA 166
LJS Consulting Service NA 51
Lonnie V Bolton NA 28
Loonie, Benson & HL NA 25
Management Analysis Co. NA 441
Management Resources, Intl. NA 56
Manpower Temporary Services NA 41
Marion E Council, PE NA 66
Maris West & Baker, Inc. NA 29
Marshall & Juntunen NA 61
Mathes Group NA 1,225
McLaren Hart NA 125
Metzler & Associates NA 134
Micro frame Technologies, Inc. NA 153
Microsoft Corp. NA 44
Miller Research Group, Inc. NA 65
Mississippi Power & Light Co. A 101
Multi Quest International, Inc. NA 164
National Economic Research Assoc. NA 35
National Training Programs Service NA 42
Ned Tannebaum & Partners NA 89
NETG NA 59
New Orleans Public Service Inc. A 88
Nightrider Overnite Copy Service NA 33
NOLA Computer Service, Inc. NA 69
Omnicron Telecommunications NA 150
One Poydras Plaaza Venture NA 87
Online Computers Inc NA 37
Oracle Corp. NA 510
Overland Technology NA 35
Oxford Associates, Inc. NA 148
Pace Sound & Lighting NA 292
Petroleum Information Corp. NA 70
Prostaff Temporary Services NA 52
Radian Corp. NA 31
RCG Hagler Bailly Inc. NA 76
Russell & Associates NA 37
Sandlin Associates NA 134
Scientech Inc. NA 230
Seno & Associates, Inc. NA 68
Spectra, Inc. NA 45
SRI International NA 34
St Pierre A/C Inc. NA 33
Stagg Systems, Inc. NA 241
Stern Stewart Co. NA 407
Structured Solutions NA 140
Synectics, Inc. NA 161
Talon Professionals, Inc. NA 84
Target Vision NA 189
Tech Resources, Inc. NA 224
Tempo Inc. NA 26
Texas State Technical NA 53
The Wyatt Co. NA 102
Thoma & Thoma Creative Service NA 94
TLG Services, Inc. NA 127
UALR-AR Institute NA 64
Ultimate Marketing, Inc. NA 66
UMS Group Incorporated NA 38
Unimar Group, LTD NA 35
United Networks Limited NA 30
United Way NA 100
Utility Management Services Group NA 43
VLFR Consulting Service, Inc. NA 59
Walker CSM NA 1,590
WEFA Group NA 124
WSI Corp NA 70
WVUE New Orleans NA 26
Others ( 830 ) NA 3,972
-------
Total 27,282
-------
TOTAL $51,249
=======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Employee Pensions and Benefits - Account 926
(In Thousands)
Instructions:
Provide a listing of each pension plan and benefit program provided by the
service company. Such listing should be limited to $25,000.
Description Amount
Medical &Other Benefits Under Flex Benefit Programs $11,027
Savings Plan 2,657
Pension Plans 8,538
Employee Meetings/Functions/Awards 2,802
Educational Reimbursement 329
Post Retirement Plan Benefits 10,913
Employee Stock Investment Plan 338
Other (125)
-------
TOTAL $36,479
=======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
General Advertising Expenses - Account 930.1
(In Thousands)
Instructions:
Provide a listing of the amount included in Account 930.1, "General Advertising
Expenses," classifying the items according to the nature of the advertising and
as defined in the account definition. If a particular class includes an amount
in excess of $3,000 applicable to a single payee, show separately the name of
the payee and the aggregate amount applicable thereto.
Description Name of Payee Amount Amount
Advertising in Newspapers,
periodicals, billboards,
radio, etc. American Airlines $12
Atlantic Publishing 6
Auditair 5
Baton Rouge Hilton 8
Belvedere Enterprises 5
Bravo Special Events 58
Carlson Marketing 26
CC&L Speakers Group 15
City of Donaldsonville 4
Clear Channel Communications 9
Community Development Institute 23
Convention Connection 7
Cranford Johnson & Robinson 228
Crisis Publishing Co. 11
Crown Sterling International 6
Daly Enterprises 7
Delta Airlines 12
Edison Electric Institute 101
Electric Power Research Institute 40
Excelsior Hotel 14
Fairmont Hotel 17
Food Art 6
Foundation for Public Broadcasting 33
Group C Communications 18
H & H Hoopers, Inc. 11
Homer Industrial Development 23
Houston Oilers 4
Information Architecture 10
KCK Enterprises 7
KYFX 10
LA Athletic Department 4
Levy Rosenblum Inst. 58
Lewis Advertising 498
Meridien New Orleans 17
Morehouse Economic Development 5
New Orleans Hilton 45
New Orleans Saints 39
RSI Engineering 4
Saenger Theater 11
Southern Hospitality 63
Stubbs Pecanland 4
Synergistic Control Systems 4
The Westin Canal Place 7
Town of Oak Grove 15
Twin City Bank 6
United Way 31
U.S. Latin Trade 4
Van Benthuysen Elms Plantation 6
Vista Chemical Co. 4
White House Promotions 15
White Oak Plantation 6
Wildlife Farms 43
Worldwide Travel 4
WYES-TV12 7
Advertising Matter such as
Posters, Bulletins booklets
and related items American Specialty Advertising 5
Bank Card Center 9
Bauerlein 370
Deli Concepts 8
Design Tex Fabrics 5
East Baton Rouge Parish School Board 5
Economic Development 8
English Turn Golf Club 8
Foster Associates, Inc. 3
Frameworks Gallery 4
Freeport-McMoran Golf Classic 68
Houston Golf Association 18
Lee Wayne Company 8
Maris, West &Baker Inc 557
Martin Wine Cellar 3
McDonald's 15
Raptor Resource Project 8
Thoma & Thoma 66
World Economic Development 5
Fees and expenses of
advertising agencies
and commercial artists
Access Speakers Bureau 16
Adam Jenkins 3
Ann Lee & Associates 18
Bylites, Inc. 7
Colonnade Group 14
Creative Concepts 12
Dempsey Thomas Films 10
Destination Management, Inc. 4
Doug Rye & Associates 4
Ecogroup, Inc. 5
Electrotek Concepts 10
Gallinghouse & Associates 10
Irenita B. Assenston 10
J. Michael O'hare & Associates 3
James A. Daniels 6
John R. Brignac 18
Max G. Futch & Associates 38
Peter O'Carroll Advertising 6
Pace Systems 15
Rohm's Floral Design 6
Sartor Associates 5
Synectics, Inc. 83
The Chicago Group 33
The Hospitality Group 18
Utility Analysts 3
Printing of Booklets,.
Dodgers, Bulletins, etc Burges 4
Capitol Advertising 9
Fulton Press,Inc. 29
Gemini Manufacturing 7
Joe A Cummins Advertising 16
Mail Processing Specialties 3
Monahan Printers 62
Ramona Robuck Advertising 35
Sherwood Printing Co. 7
Vi Com, Inc. 5
Supplies & Expenses in Preparing
Advertising Materials Gregory Buisson 8
Sandra M. Steudlein 8
Steve Huett 4
Steven C. Williamson 4
Two Rivers Duck Club 39
Others 69
------
TOTAL $3,475
======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Miscellaneous General Expenses - Account 930.2
(In Thousands)
Instructions:
Provide a listing of the amount included in Account 930.2, "Miscellaneous
General Expenses," classifying such expenses according to their nature.
Payments and expenses permitted by Section 321(b)(2) of the Federal Election
Campaign Act, as amended by Public Law 94-283 in 1976 (2 U.S.C. SS441(b)(2))
shall be separately classified
Description Amount
Employee development $1,805
Employee relocation and outplacement 8,899
Applicant expenses 120
Recruiting advertising 143
Corporate printing and distribution 521
Other corporate expenses 5,439
-------
TOTAL $16,927
=======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Rents - Account 931
(In Thousands)
Instructions.
Provide a listing of the amount included in Account 931, "Rents," classifying
such expenses by major groupings of property, as defined in the account
definition of the Uniform System of Accounts.
Type of Property Amount
General office $24,514
Office furniture and fixtures 1,202
Computer hardware 9,326
Computer software 5,331
Aircraft 5,109
Other 606
-------
TOTAL $46,088
=======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Taxes Other Than Income Taxes - Account 408
(In Thousands)
Instructions:
Provide an analysis of Account 408, "Taxes Other Than Income Taxes." Separate
the analysis into two groups: (1) other than U.S. Government taxes, and (2) U.S.
Government taxes. Specify each of the various kinds of taxes and show the
amounts thereof. Provide a subtotal for each class of tax.
Kind of Tax Amount
See page 24-A $13,745
-------
TOTAL $13,745
=======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Donations - Account 426.1
(In Thousands)
Instructions:
Provide a listing of the amount included in Account 426.1, "Donations,"
classifying such expenses by its purpose. The aggregate number and amount of
all items of less than $3,000 may be in lieu of details.
Name of Recipient Purpose of Donation Amount
Others (20) Various charitable and educational $4
--
TOTAL $4
==
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Taxes Other Than Income Taxes - Account 408
(In Thousands)
Kind of Tax Amount
Taxes Other Than
U.S. Government
Taxes
Property taxes $1,556
Unemployment taxes 336
Franchise taxes 2
Other taxes 1,134
-------
Total 3,028
-------
U.S. Government Taxes
FICA taxes 10,591
Unemployment taxes 126
-------
Total 10,717
-------
TOTAL $13,745
=======
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Other Deductions - Account 426.5
(In Thousands)
Instructions:
Provide a listing of the amount included in Account 426.5, "Other Deductions,"
classifying such expenses according to their nature.
Description Name of Payee Amount
None
-----
TOTAL - 0 -
=====
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Schedule XVIII - Notes to Statement of Income
Instructions:
The space below is provided for important notes regarding the statement of
income or any account thereof. Furnish particulars as to any significant
increases in services rendered or expenses incurred during the year. Notes
relating to financial statements shown elsewhere in this report may be indicated
here by reference.
See Notes to Financial Statements on pages 14 - B thru 14 - H
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
Organization Chart
See pages 26 - A
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
Methods of Allocation
See page 26 - B thru 26 - D
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
Annual Statement of Compensation for Use of Capital Billed
- None -
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC
Organization Chart
Chairman
Administrative Services
President & COO
Marketing
Customer Service
Transmission & Distribution
Aviation
Finance & External Affairs
Finance
Legal Services
Information Services
External Affairs
Human Resources
System Generation
Eng and Tech Support
Plant Operations
Nulear
Fuel
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
Methods of Allocation
Note: Each allocation formula is based on data relevant to the participating
State Legal Entity.
Energy Sales
Based on total electric/gas energy sold to Residential, Commercial,
Industrial, Government and Municipal consumers.
Customers
Based on a twelve month average of Residential, Commercial, Industrial,
Government and Municipal general business electric/gas customers.
Employees
Based on the number of full time employees at year-end.
Capability/Responsibility Ratio
The Capability/Responsibility Ratio of a company is the System capability
multiplied by the ratio obtained by dividing a company's peak load by the
System peak load. The company's peak load is the average of the twelve
monthly highest clock hour demands in kilowatts of the Company's
interconnected system, occurring each month coincident with the System
peak load, during the twelve month period ending with the current month.
Composite - Energy Sales, Customers, Employees and
Capability/Responsibility Ratio
Based on four components with equal weighting to each: kilowatt-hour energy
sales, average customers, number of employees and capability responsibility
ratio.
Composite - Energy Sales, Customers and DCS Employees
Based on three components of equal weighting: energy sales, average
customers and number of Distribution and Customer Service employees.
Transmission Line Miles
Based on the number of miles of transmission lines, weighted for design
voltage. (Voltage < 500kv = 1, Voltage >= 500kv = 2)
Substations
Distribution Substations is based on the number of high voltage substations
weighted for voltage. (Voltage < 500kv = 1, Voltage >= 500kv = 2)
Aircraft Ridership
Based on employee use of company aircraft.
Disaster Recovery Applications
Based on the number of software applications that require alternate
mainframe processing support for business continuity during a computer
center disaster.
Equity/Capitalization Ratio
This ratio is computed for Entergy Corporation and the Client Companies as
follows: Entergy Corporation's allocation is the ratio of common
shareholders equity to total capitalization; the Client Companies
allocation is the ratio of preferred stock plus long term debt to total
capitalization.
Final Bill Processing
Based on the total number of final bills processed for collection.
Gas Consumption
Based on the volume of natural gas consumed annually by all gas fired
generating units within the Entergy system.
Income and Deduction Ratio
Based on the previous years federal income tax return, total income plus
total deductions.
Level of Service
Based on Entergy Services' total billings to each Client Company excluding
corporate overhead.
Money Pool Transactions
Based on each company's use of the money pool, weighted 75% on frequency of
transactions, and 25% on dollar amount of the transaction.
Nuclear and Casualty/Property Insurance Premiums
Based on total Client Company costs for the previous year's insurance
premium.
Participants in Plans
Several formulae are based on the number of participants in various Client
Company plans and programs, such as:
. Savings Plan
. Flexible Benefits Programs
. Master Trust Plan
. ESOP
. Student/Parent Loan Program
. Systemwide Welfare Plans
. Benefits Plus Flexible Spending Account
. Non-Qualified Defined Contribution Restoration Plan
. Personal Effects Floater Plan
. Personal Property and Casualty Benefits
Preferred Stockholders
Based on total number of preferred stockholders at year-end.
Revenues
Based on total general business revenues from energy sales to Residential,
Commercial, Industrial, Government and Municipal consumers.
System Capacity
Based on the power level, rated in kilowatts, that could be achieved if all
generating units were operating at maximum capability simultaneously.
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Appendix
Information in Compliance With Item 4 of SEC
Letter Dated December 29, 1986
(In Thousands)
Cost of services charged to Service Requests established
to track cost of functions performed by System Fuels, Inc.
(SFI) personnel transferred to Entergy Services, Inc.
(Entergy Services). Amount
Direct Cost:
Labor and related cost $318
Other direct cost 104
Indirect cost 146
----
Total 568
----
Cost of services charged to Service Requests not
related to the transfer of SFI personnel 1,460
------
Total cost of services performed by Entergy Services and billed to SFI $2,028
======
Amounts billed to Operating Companies for Fuel Oil Program* $1,378
Deferred Cost/Services 0
Charged to Nuclear Fuel Inventory 121
Charged to Gas and Oil Development and Production Program 529
------
Total $2,028
======
* Amounts charged to the Fuel Oil Program as a component of period cost. For
1994, based on monthly averages, period costs were allocated, 15% to Arkansas
Power & Light Company (AP&L), 54% to Louisiana Power & Light Company, 19% to
Mississippi Power & Light Company and 12% to New Orleans Public Service Inc.
<PAGE>
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1994
Appendix
Information in Compliance With Item 4 of SEC
Letter Dated December 29, 1986
Allocation of Indirect Cost
Indirect cost is comprised of labor loading and variable overhead. The labor
loading and variable overhead are allocated to Service Requests on the basis of
labor dollars charged to each Service Request.
Fuels Department Cost
The labor costs of Entergy Services personnel, performing work for SFI, are
recorded by the Service Request process similar to all other costs incurred by
Entergy Services. Various Service Requests have been established in Entergy
Services to track the cost of functions performed by Entergy Services personnel
for SFI matters which are billed 100% to SFI.
Services Provided
The Fuel Accounting Section , of Corporate Accounting & Reporting(CA&R) ,
provides accounting services to SFI in the following areas: fuel oil inventory
accounting, nuclear fuel inventory accounting, disbursements of royalties and
revenues to joint venture partners, billing of fuels and services provided to
the Operating Companies, coordination and preparation of budgets and forecasts
for SFI , and, data required by various regulatory agencies and others. General
ledger and financial and operating reports services are provided by the General
Ledger Process Section of CA&R, and, Source Systems provide accounts payable
services. The Property Accounting provides accounting services relative to SFI's
properties, both owned and leased properties.
An SFI Business Unit provides services that include operation and supervision of
the operating oil and gas wells, administering contracts for product sales,
collecting and distributing of revenues from product sales, administering
operating agreements including collection of expenses from other working
interest and maintenance of fuel oil facilities.
Changes in Organization
As previously reported, the System's fuels planning and procurement
administration was reorganized during 1988, which redefined the fuels management
roles and placed the responsibility for most fuel procurement decisions with the
Entergy Corporation System Executives.
In general, the Operating Companies execute and administer power plant gas and
coal contracts under an acquisition and administration policy. SFI, utilizing
Entergy Services personnel, continues to be responsible for gas and oil
production, financing nuclear fuel inventory and fuel oil inventory and
facilities, and accounting functions related to these continuing activities.
ANNUAL REPORT OF ENTERGY SERVICES, INC
Signature Clause
Pursuant to the requirements of the Public Utility Holding Company Act of 1935
and the rules and regulations of the Securities and Exchange Commission issued
thereunder, the undersigned company has duly caused this report to be signed on
its behalf by the undersigned officer thereunto duly authorized.
Entergy Services, Inc.
(Name of Reporting Company)
By: /s/ L. W. Randall
L. W. Randall Vice President & Chief Accounting Officer
(Printed Name and Title of Signing Officer)
Date: May 1, 1995
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR2
<MULTIPLIER> 1,000
<S> <C> <C>
<PERIOD-TYPE> YEAR YEAR
<FISCAL-YEAR-END> DEC-31-1994 DEC-31-1993
<PERIOD-END> DEC-31-1994 DEC-31-1993
<BOOK-VALUE> PER-BOOK PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 88,586 82,795
<TOTAL-INVESTMENTS> 0 0
<TOTAL-CURRENT-ASSETS> 107,288 60,939
<TOTAL-DEFERRED-DEBITS> 5,097 7,061
<OTHER-ASSETS-AND-DEBITS> 0 0
<TOTAL-ASSETS-AND-DEBITS> 200,971 150,795
<TOTAL-PROPRIETARY-CAPITAL> 20 20
<TOTAL-LONG-TERM-DEBT> 1,619 3,883
<NOTES-PAYABLE> 65,000 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0 32,861
<OTHER-CURR-AND-ACCRUED-LIAB> 95,912 75,730
<TOTAL-DEFERRED-CREDITS> 160,912 108,591
<DEFERRED-INCOME-TAX> 0 0
<TOT-LIABIL-AND-PROPRIET-CAP> 200,971 150,795
<SERVICES-ASSOCIATE-COMPANIES> 411,162 270,770
<SERVICES-NON-ASSOCIATE-COMP> 194 326
<MISC-INCOME-OR-LOSS> 331 113
<TOTAL-INCOME> 411,687 271,209
<SALARIES-AND-WAGES> 163,191 116,863
<EMPLOYEE-PENSION-AND-BENEFIT> 36,479 19,698
<OTHER-EXPENSES> 212,017 134,648
<TOTAL-EXPENSES> 411,687 271,209
<NET-INCOME> 0 0
<TOTAL-EXPENSES-DIRECT-COST> 325,879 211,996
<TOTAL-EXPENSES-INDIRECT-COST> 85,808 59,213
<TOT-EXP-DIRECT-AND-INDIRECT> 411,687 271,209
<PERSONNEL-END-OF-YEAR> 2,631 2,079
</TABLE>
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