ENTERGY SERVICES INC
POS AMC, 1995-05-31
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                                            File No. 70-8449

             SECURITIES AND EXCHANGE COMMISSION
                  WASHINGTON, D. C.  20549
                              
                              
                          FORM U-1
                              
                              
                              
               POST-EFFECTIVE AMENDMENT NO. 2
                              
                             to
                              
                   APPLICATION-DECLARATION
                              
                            under
                              
       THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
                              
                              
Entergy Corporation                     Arkansas Power & Light Company
639 Loyola Avenue                       425 West Capitol Avenue
New Orleans, Louisiana   70113          Little Rock, Arkansas   72201

Entergy Services, Inc.                  Louisiana Power & Light Company
639 Loyola Avenue                       639 Loyola Avenue
New Orleans, Louisiana   70113          New Orleans, Louisiana   70113

System Fuels, Inc.                      Gulf States Utilities Company
350 Pine Street                         350 Pine Street
Beaumont, Texas   77701                 Beaumont, Texas 77701

Mississippi Power & Light Company       New Orleans Public Service Inc.
308 East Pearl Street                   639 Loyola Avenue
Jackson, Mississippi   39201            New Orleans, Louisiana   70113

System Energy Resources, Inc.           Entergy Operations, Inc.
Echelon One                             1340 Echelon Parkway
1340 Echelon Parkway                    Jackson, Mississippi   39213
Jackson, Mississippi   39213

          (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                William J. Reagan, Jr.
Senior Vice President             Treasurer
  and Chief Financial Officer     Arkansas Power & Light Company
Entergy Corporation               425 West Capitol Avenue
639 Loyola Avenue                 Little Rock, Arkansas  72201
New Orleans, Louisiana  70112 

William J. Reagan, Jr.            William J. Reagan, Jr.
Treasurer                         Treasurer
Entergy Services, Inc.            Louisiana Power & Light Company 
639 Loyola Avenue                 639 Loyola Avenue
New Orleans, Louisiana  70113     New Orleans, Louisiana  70113 
                              
William J. Reagan, Jr.            William J. Reagan, Jr.
Treasurer                         Treasurer
System Fuels, Inc.                Mississippi Power & Light Company 
639 Loyola Avenue                 639 Loyola Avenue
New Orleans, Louisiana  70113     New Orleans, Louisiana  70113 
                              
Donald C. Hintz                   William J. Reagan, Jr.
Chief Executive Officer           Treasurer
System Energy Resources, Inc.     New Orleans Public Service Inc. 
Entergy Operations, Inc.          639 Loyola Avenue
1340 Echelon Parkway              New Orleans, Louisiana  70113
Jackson, Mississippi  39213   

                   William J. Reagan, Jr.
                         Treasurer
               Gulf States Utilities Company
                        Edison Plaza
                      350 Pine Street
                    Beaumont, TX  77704
                              
        (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                Thomas J. Igoe, Jr., Esq.
Assistant Treasurer           Reid & Priest
Entergy Services, Inc.        40 West 57th Street
639 Loyola Avenue             New York, New York  10019
New Orleans, Louisiana  70113

                  Laurence M. Hamric, Esq.
                  Denise C. Redmann, Esq.
                   Entergy Services, Inc.
                     639 Loyola Avenue
               New Orleans, Louisiana  70113

<PAGE>

Item 1, Section V.  Loan Agreements Between EOI and Entergy,
                    ESI and Entergy, and other External Borrowing
                    Arrangements.

     Pursuant to the Order of the Securities and Exchange
Commission (the "Commission") entered on November 18, 1994
(Release No. 35-26162; 70-8449), Entergy Services, Inc.
("ESI") has been authorized by the Commission to enter into
external borrowing arrangements with one or more banks
through November 30, 1996, subject to the requirement that,
prior to effecting any external borrowings, ESI shall file a
post-effective amendment setting forth the bank or banks
from which such borrowings are to be effected and the terms
and conditions thereof.

     As set forth in Post-Effective Amendment No. 1 to the
Application-Declaration in this File No. 70-8449, ("Post-
Effective Amendment No. 1"), ESI stated that it intended to
enter into external borrowing arrangements with the banks
listed therein for an aggregate principal amount of
$70,000,000, such debt to be evidenced by promissory notes
payable not later than May 31, 1995, and on such terms as
disclosed in Post-Effective Amendment 1.

     Since the prior promissory notes are due May 31, 1995,
ESI now intends to issue new promissory notes to the same
banks and on the terms as identified in Post-Effective
Amendment 1, but payable not later than May 31, 1996.

     Accordingly, Item 1 - Description of Proposed
Transactions, Section V of the Application-Declaration is
amended by deleting reference to the promissory notes
payable "May 31, 1995" and adding in place thereof  "May 31,
1996".

Item 6.        Exhibits.

          a.   Exhibits

               B-2(a)(1) -- Revised Territorial Banks - AP&L.

               B-2(c)(1) -- Revised Territorial Banks - LP&L.


<PAGE>

                          Signature

     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.
                              Entergy Corporation
                              Arkansas Power & Light Company
                              Gulf States Utilities Company
                              Louisiana Power & Light Company
                              Mississippi Power & Light Company
                              New Orleans Public Service Inc.


                              By:       /s/Gerald D. McInvale
                                        Gerald D. McInvale
                                        Executive Vice President &
                                        Chief Financial Officer


                              System Energy Resources, Inc.
                              Entergy Operations, Inc.
                              System Fuels, Inc.

                              By:       /s/Gerald D. McInvale
                                        Gerald D. McInvale
                                        Sr. Vice President &
                                        Chief Financial Officer




Dated:    May 31, 1995


                                              EXHIBIT B-2(a)

               ARKANSAS POWER & LIGHT COMPANY
                      TERRITORIAL BANKS


                                              MAXIMUM AMOUNT
BANK NAME                                     TO BE BORROWED
                                                         
Simmons First National Bank, Pine Bluff        $15,000,000
Boatmen's National Bank of Arkansas             10,000,000
First Commerce Bank, Little Rock                 7,000,000
Citizens Bank of Jonesboro, Jonesboro            1,000,000
Danville State Bank                              1,000,000
                                               -----------          
TOTAL                                          $34,000,000
                                               ===========



                                              EXHIBIT B-2(c)

               LOUISIANA POWER & LIGHT COMPANY
                      TERRITORIAL BANKS


                                              MAXIMUM AMOUNT
BANK NAME                                     TO BE BORROWED
                                                         
First National Bank of Commerce, New Orleans   $5,000,000
Hibernia National Bank, New Orleans             5,000,000
Whitney National Bank, New Orleans              5,000,000
Jefferson Guaranty Bank, New Orleans            1,500,000
Regions Bank, New Orleans                       1,000,000
Liberty Bank & Trust Company, New Orleans         200,000
                                              -----------            
TOTAL                                         $17,700,000
                                              ===========



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