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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-13-60
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1993 and Ending December 31, 1993
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
Entergy Enterprises, Inc.
(Exact Name of Reporting Company)
A Subsidiary Service Company Date of Incorporation December 30, 1983 If
("Mutual" or "Subsidiary")
not Incorporated, Date of Organization ___________________ State or
Sovereign Power under which Incorporated or Organized Louisiana
Location of Principal Executive Offices of Reporting Company
900 S. Shackleford, Little Rock, Arkansas 72211 Name, title, and address
of officer to whom correspondence concerning this report should be
addressed:
Mr. Gerald D. McInvale Chief Financial Officer & P. O. Box 61000
Sr. Vice Presidentr New Orleans, LA. 70116
(Name) (Title) (Address)
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>
ANNUAL REPORT FOR ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1993
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 Schedule III 8
and Amortization of Service Company
Property
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 Schedule X 11
Expenditures
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 - Schedule XVI 18
Associate and Nonassociate Companies
Schedule of Expense of Department or Schedule XVII 19-20
Service Function
Departmental Analysis of Salaries Account 920 21
Outside Services Employed Account 923 21
Employee Pensions and Benefits Account 926 22
General Advertising Expenses Account 930.1 22
Miscellaneous General Expenses Account 930.2 23
Rents Account 931 23
Taxes Other Than Income Taxes Account 408 24
Donations Account 426.1 24
Other Deductions Account 426.5 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
Disclaimer of Subsidization 26
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
Schedule I - Comparative Balance Sheet
Give balance sheet of the Company as of December 31 of the current and prior year.
Account Assets and Other Debits As of December 31
Current Prior (1)
Service Company Property
<S> <C> <C> <C>
101 Service company property (Schedule II) $ 1,004,267 $ 204,325
107 Construction work in progress (Schedule II)
----------- -----------
Total Property 1,004,267 204,325
----------- -----------
108 Less accumulated provision for depreciation and amortization of service
company property (Schedule III) 189,479 0
----------- -----------
Net Service Company Property 814,788 204,325
----------- -----------
Investments
123 Investments in associate companies (Schedule IV) 8,140,298 9,751,965
124 Other Investments (Schedule IV) 9,744,147 9,744,147
---------- ----------
Total Investments 17,884,445 19,496,112
---------- ----------
Current and Accrued Assets
131 Cash 62,260 27,477
134 Special deposits
135 Working funds 25,449
136 Temporary cash investments (Schedule IV) 344,402 2,574,225
141 Notes receivable
143 Accounts receivable 100,192 199,555
144 Accumulated provision of uncollectible accounts
146 Accounts receivable from associate companies (Schedule V) 2,401,170 0
152 Fuel stock expenses undistributed (Schedule VI)
154 Materials and supplies
163 Stores expense undistributed (Schedule VII)
165 Prepayments 3,931
174 Miscellaneous current and accrued assets (Schedule VIII) 2,007 130
----------- -----------
Total Current and Accrued Assets 2,935,480 2,805,318
----------- -----------
Deferred Debits
181 Unamortized debt expense
184 Clearing accounts
186 Miscellaneous deferred debits (Schedule IX) 5,020,948 6,412,931
188 Research, development, or demonstration expenditures (Schedule X)
190 Accumulated deferred income taxes 2,627,891 264,723
----------- -----------
Total Deferred Debits 7,648,839 6,677,654
----------- -----------
TOTAL ASSETS AND OTHER DEBITS $29,283,552 $29,183,409
=========== ===========
(1) Prior period restated to account for Entergy Enterprises, Inc. wholly owned
subsidiary, Entergy Systems and Services, Inc., under the equity method of
accounting for investments in common stock.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
Schedule I - Comparative Balance Sheet
Account Account Liabilities and Proprietary Capital As of December 31,
Current Prior (1)
Proprietary Capital
<S> <C> <C> <C>
201 Common stock issued (Schedule XI) $43,550,000 $36,050,000
211 Miscellaneous paid-in-capital (Schedule XI)
215 Appropriated retained earnings (Schedule XI)
216 Unappropriated retained earnings (Schedule XI) (14,884,541) (8,131,380)
----------- -----------
Total Proprietary Capital 28,665,459 27,918,620
----------- -----------
Long-Term Debt
223 Advances from associate companies (Schedule XII)
224 Other long-term debt (Schedule XII)
225 Unamortized premium on long-term debt
226 Unamortized discount on long-term debt-debit
227 Capital Leases
----------- -----------
Total Long-Term Debt
----------- -----------
Current and Accrued Liabilities
231 Notes payable
232 Accounts payable 1,319,974 417,947
233 Notes payable to associate companies (Schedule XIII)
234 Account payable to associate companies (Schedule XIII) 617,086 800,678
236 Taxes accrued (1,667,412) 0
237 Interest accrued
238 Dividends declared
241 Tax collections payable 11,061 0
242 Miscellaneous current and accrued liabilities (Schedule XIII) 287,385 0
----------- -----------
Total Current and Accrued Liabilities 118,094 1,218,625
----------- -----------
Deferred Credits
253 Other deferred credits (See Note 9) 499,999 46,164
255 Accumulated deferred investment tax credits
----------- -----------
Total Deferred Credits 499,999 46,164
----------- -----------
282 Accumulated Deferred Income Taxes
----------- -----------
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $29,283,552 $29,183,409
=========== ===========
(1) Prior period restated to account for Entergy Enterprises, Inc. wholly
owned subsidiary, Entergy Systems and Services, Inc., under the
equity method of accounting for investments in common stock.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule II - Service Company Property
Balance at Retirements Balance
Beginning or Other (1) at Close
Description of Year Additions Sales Changes of Year
Service Company Property
<S> <C> <C> <C> <C> <C> <C>
Account
301 Organization
303 Miscellaneous Intangible Plant $204,325 $(78,189) $ 126,136
304 Land and Land Rights
305 Structures and Improvements
306 Leasehold Improvements 218,754 218,754
307 Equipment
308 Office Furniture and Equipment 664,377 $5,000 659,377
309 Automobiles, Other Vehicles
and Related Garage Equipment
310 Aircraft and Airport Equipment
311 Other Service Company
Property (3)
-------- -------- ------ ----- ----------
SUB-TOTAL 204,325 804,942 5,000 1,004,267
-------- -------- ------ ----- ----------
107 Construction Work in Progress
-------- -------- ------ ----- ----------
TOTAL $204,031 $804,942 $5,000 $0 $1,004,267
======== ======== ====== ===== ==========
</TABLE>
(1) Provide an explanation of those changes considered material: N/A
(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
Office Furniture and Equipment
Furniture $236,867 $236,867
Computer Equipment 344,646 339,646
Telephone 82,864 82,864
-------- --------
TOTAL $664,377 $659,377
======== ========
(3) Describe other service company property:
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule III - Accumulated Provision for Depreciation and Amortization of
Service Company Property
<TABLE>
<CAPTION>
Balance at Additions Other Balance
Beginning Charged to Changes Add at Close
Description of Year Account 403 Retirements (Deduct) (1) of Year
<S> <C> <C> <C> <C> <C> <C>
Account
301 Organization $ 0 $ 25,224 $ 0 $ 0 $ 25,224
303 Miscellaneous Intangible Plant
304 Land and Land Rights
305 Structures and Improvements
306 Leasehold Improvements 0 57,603 0 0 57,603
307 Equipment
308 Office Furniture and Fixtures 0 106,652 0 0 106,652
309 Automobiles, Other Vehicles
and Related Garage Equipment
310 Aircraft and Airport Equipment
311 Other Service Company
Property
-------- -------- ------- ------- --------
TOTAL $ 0 $189,479 $ 0 $ 0 $189,479
======== ======== ======= ======= ========
</TABLE>
(1) Provide an explanation of those changes considered material:
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule IV - Investments
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 of Year Close of Year
Account 123 - Investment in Associate Companies
Entergy Systems & Service, Inc.
(13,500 Shares Common Stock) $ 9,751,965 $ 8,140,298
Account 124 - Other Investments
First Pacific Network, Inc.
(1,775,235 shares, $.001 Par
Common Stock) 9,744,147 9,744,147
Account 136 - Temporary Cash Investments 2,574,225 344,402
----------- -----------
TOTAL $22,070,337 $18,228,847
=========== ===========
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule V - Accounts Receivable from Associate Companies
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.
<TABLE>
<CAPTION>
Balance at Balance at
Description Beginning of Year Close of Year
<S> <C> <C>
Account 146 - Accounts Receivable from Associate Companies
Entergy Richmond Power Corp. $ 0 $ 86,281
Entergy Power Development Corp. 0 696
Entergy Argentina, S.A. 0 135,184
Entergy S.A. 0 75,242
Entergy Transener S.A. 0 1,186,708
Entergy Power, Inc. 917,059
--- ----------
TOTAL $ 0 $2,401,170
=== ==========
</TABLE> Total
Payments
Analysis of Convenience or Accommodation Payments:
Entergy S.A. - Organizational Costs $ 66,541
Entergy Argentina S.A. - Organization Costs 645,112
Entergy Transener, S.A. - Computer Equipment 8,355
Entergy Richmond Power Corp. - Corporate Seals 30
Entergy Power Development Corp. - Commercial
Paper Fees and Corporate Seals 394
--------
TOTAL PAYMENTS $720,432
========
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule VI - Fuel Stock Expenses Undistributed
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:
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule VII - Stores Expense Undistributed
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 TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule VIII - Miscellaneous Current and Accrued Assets
Instructions:
Provide detail of items in this account. Items less than $10,000 may be
grouped, showing the number of items in each group.
<TABLE>
<CAPTION>
Balance at Balance at
Description Beginning of Year Close of Year
<S> <C> <C>
Account 174 - Miscellaneous Current and Accrued Assets
Interest Receivable on Temporary Investments $130 $2,007
---- ------
TOTAL $130 $2,007
==== ======
</TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule IX - Miscellaneous Deferred Debits
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 Year Close of Year
Account 186 - Miscellaneous Deferred Debits
Restricted Shares Award $ 237,383 $ 0
Employee Benefits 22,000
Non-Productive Time (26,531)
First Pacific Network, Inc. License 6,175,548 5,069,479
---------- ----------
TOTAL $6,412,931 $5,020,948
========== ==========
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule X - Research, Development or Demonstration Expenditures
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>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule XI - Proprietary Capital
Number of Shares Par or Stated Outstanding Close of Period
Account Number Class of Stock Authorized Value Per Share No. of Shares Total Amount
<S> <C> <C> <C> <C> <C>
201 Common Stock Issued 100,000 None 43,550 $43,550,000
</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>
Balance at Net Income Dividends Balance at
Description Beginning of Year -or (loss) Paid Close of Year
<S> <C> <C> <C> <C>
Account 216 - Unappropriated Retained Earnings $(8,131,380) $(6,753,161) None $(14,884,541)
----------- ----------- ----- ------------
TOTAL $(8,131,380) $(6,753,161) - 0 - $(14,884,541)
=========== =========== ===== ============
</TABLE>
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule XII - Long-Term Debt
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.
<TABLE>
<CAPTION>
Terms of
Obligation Balance at Balance at
Class & Series Date of Interest Amount Beginning Close
Name of Creditor of Obligation Maturity Rate Authorized of Year Additions Deductions(1) of Year
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Account 223 - Advances from
Associate Companies:
Entergy Corporation None None None
Account 224 - Other Long-Term
Debt None None None
----- ----- ----- -----
TOTAL - 0 - - 0 - - 0 - - 0 -
===== ===== ===== =====
</TABLE>
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule XIII - Current and Accrued Liabilities
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.
<TABLE>
<CAPTION>
Balance at Balance at
Description Beginning of Year Close of Year
<S> <C> <C>
Account 233 - Notes Payable to Associate Companies None None
---- ----
TOTAL $ 0 $ 0
==== ====
Account 234 - Accounts Payable to Associate Companies
Entergy Systems and Service, Inc. $215,700 $ 0
Arkansas Power & Light Company 0 1,829
Entergy Services, Inc. 301,362 144,378
Entergy Corporation 283,616 20,879
-------- --------
TOTAL $800,678 $167,086
======== ========
Account 242 - Miscellaneous Current and Accrued Liabilities
Benefit Plans $ 0 $287,385
-------- --------
TOTAL $ 0 $287,385
======== ========
</TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule XVI - Notes to Financial Statements
Instructions:
The space below is provided for important notes regarding the financial
statements or any account thereof. Furnish particular 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.
See pages 14(A) through 14(C)
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule XIV - Notes to Financial Statements
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Organization
Entergy Enterprises, Inc. (Enterprises), formerly Electec, Inc.,
is a diversified subsidiary of Entergy Corporation chartered in
December 1983 to market the Entergy System's (the System)
capabilities, expertise, and resources, and to engage in
preliminary development activity relating to investments in
qualifying facilities under PURPA.
Enterprises' principal activities were modified in 1993 and now
include preliminary development activities with respect to
various investment opportunities for the Entergy System; market
management, operating, technical, training and other expertise
and intellectual properties developed by System companies to non-
affiliates; render various consulting services to certain
affiliated companies in connection with investments in Argentina;
be responsible for marketing the expertise of Entergy Power, Inc.
(EPI) gained through its bulk power business; provide certain
management and support services to associate companies (excluding
those which are affiliated retail electric companies, and,
pending further SEC approval, exempt wholesale generators or
foreign utility companies) and develop and field test a proposed
telecommunications system for advanced energy management and
other utility applications.
Enterprises was first authorized to conduct business as a
subsidiary company for the System by order of the Securities and
Exchange Commission (SEC) dated January 11, 1983.
All transactions between Enterprises and the System companies are
on a full cost reimbursement basis. Pursuant to SEC order,
Enterprises is authorized to reimburse certain associate
companies at cost, plus 5%.
B. System of Accounts
The accompanying financial statements include the accounts of
Enterprises. The financial statements report Enterprises'
subsidiary, Entergy Systems and Service, Inc. (Entergy Systems)
under the equity method of accounting for investments in common
stock. The accounts of Enterprises are maintained in accordance
with the system of accounts prescribed by the SEC.
C. Cash and Cash Equivalents
For the purpose of Statement of Cash Flows, Enterprises considers
all highly liquid instruments purchased with an original maturity
of three months or less to be cash equivalents.
2. TRANSACTIONS WITH AFFILIATES
Entergy Services provides technical and consulting services and
other assistance to Enterprises at cost (except as indicated in
Note 1) which amounted to $1,841,043, $1,430,005, and $1,296,590
for the years 1993, 1992 and 1991, respectively.
3. INCOME TAXES
Effective January 1, 1993, Enterprises adopted SFAS 109. This
new standard requires that deferred income taxes be recorded for
all temporary differences and carry forwards, and that deferred
tax balances be based on enacted tax laws at tax rates that are
expected to be in effect when the temporary differences reverse.
The cumulative effect of the adoption of SFAS 109 is included in
the provision for deferred income taxes. As a result of the
adoption of SFAS 109, 1993 net income was increased by $1.7
million.
Enterprises joins its parent and the other System companies in
filing a consolidated Federal income tax return. Income taxes
(or benefits) are allocated to Enterprises in proportion to its
contribution to consolidated taxable income. There are timing
differences in reporting certain net expenses for financial
statements and Federal income tax purposes. The principal
differences relate to the period of amortization of the cost of a
marketing license and the accounting for organization and
miscellaneous expenses. Deferred income taxes are provided for
differences between book and taxable income on these items.
Enterprises incurred net operating losses in 1993, 1992, and
1991. The cumulative net operating loss that has not been used
to reduce consolidated taxable income is a net operating loss
carry forward of approximately $11.7 million. If not used as an
offset to taxable income in future years, these tax loss carry
forwards will expire in the period 2001 through 2008.
Enterprises had no unused investment tax credit or alternative
minimum tax credit at December 31, 1993.
The income tax expense (benefit) derived from Enterprises'
contribution of a net operating income (loss) to the consolidated
tax allocation arrangement for 1993, 1992 and 1991 was
$(1,667,412), $(216,031) and $(6,328) respectively.
4. INVESTMENT IN FIRST PACIFIC NETWORKS, INC. (FPN)
At December 31, 1993, Enterprises had approximately a 9.7% equity
interest in FPN, a communications company, and a license from FPN
in connection with utility applications, being jointly developed
by Enterprises and FPN, for FPN's patented communications
technology.
5. INVESTMENT IN SYSTEMS AND SERVICE INTERNATIONAL, INC.
In 1992, Enterprises formed a new subsidiary, Entergy Systems and
Service, Inc. ("Entergy Systems") (formerly Systems and Service
U.S.A., Inc.) to enter into the business of providing energy
management services with an initial focus on efficient lighting
technologies. On December 29, 1992, Entergy Systems acquired a
9.95% equity interest in Systems and Service International, Inc.
(SASI), a manufacturer of efficient lighting products. Entergy
Systems also made a loan to SASI, acquired the business and
assets of SASI's distribution subsidiary, and entered into an
agreement to distribute SASI's products.
6. COMMON STOCK
Enterprises is authorized, by its Charter, to issue 100,000
shares of its common stock. During 1993 and 1992, Enterprises
sold 7,500 shares, and 18,800 shares, respectively, of its common
stock to Entergy Corporation at $1,000 per share. The proceeds
of these sales were used primarily to fund Enterprises'
development activities for potential investments by Entergy
Corporation, to acquire stock in FPN, acquire stock in Entergy
Systems, fund Enterprises' share of development, marketing, and
field trial costs relating to CCLM/AFS and to pay for certain
ongoing operations. As of December 31, 1993, Entergy Corporation
had funded Enterprises' operations up to $43.6 million of a total
authorized amount by the SEC of $55.1 million. Authorization by
the SEC for the remaining $11.5 million expires on December 31,
1994.
Of this authorized amount, $3.5 million must be used in
connection with the arrangement between Enterprises and Entergy
Systems, and $8 million must be used to fund Enterprises' ongoing
operations. It is anticipated that Enterprises' cash flow
generated by ongoing operations may not be sufficient to fund all
of Enterprises' obligations. Therefore, during the fourth
quarter of 1992, Entergy Corporation's Board of Directors and
Enterprises' Board of Directors approved the issuance and sale to
Entergy Corporation, subject to SEC authorization, of up to $13
million of Enterprises' common stock through December 31, 1994.
Authorization for this sale was received from the SEC on July 8,
1993. The proceeds from such sales of stock have been and will
be used to fund Enterprises' ongoing operations.
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule XV Statement of Income
Account Description Current Year Prior Year
Income
457 Services rendered to associate companies $ 2,305,839 $ 0
458 Services rendered to nonassociate companies 1,248,551 1,440,159
418 Subsidiary Income (4,111,667) (1,248,035)
419 Interest Income 55,613 0
421 Miscellaneous income or loss 165 76,746
----------- -----------
Total Income (501,499) 268,870
Expense
920 Salaries and wages 2,561,758 0
921 Office supplies and expenses 1,182,516 525
922 Administrative expense transferred - credit
923 Outside services employed 4,115,397 2,686,891
924 Property insurance 662 0
925 Injuries and damages 27,890 25,495
926 Employee pensions and benefits 602,687 0
928 Regulatory commission expense
930.1 General advertising expenses 4,489 0
930.2 Miscellaneous general expenses 67,705 14,020
931 Rents 97,484 0
932 Maintenance of structures and equipment 435 0
403 Depreciation and amortization expense 1,295,546 1,012,171
408 Taxes other than income taxes 48,753 25,246
409 Income taxes (1,667,412) (216,031)
410 Provision for deferred income taxes (2,134,626) (264,723)
411 Provision for deferred income taxes - credit
411.5 Investment tax credit
426.1 Donations 2,025 0
426.4 Political Contributions 15,300 0
426.5 Other deductions 20,495 0
427 Interest on long-term debt
430 Interest on debt to associate companies
431 Other interest expense 10,558 0
----------- -----------
Total Expense 6,251,662 3,283,594
----------- -----------
Net Income or (Loss) $(6,753,161) $(3,014,724)
=========== ===========
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Analysis of Billing
Associate Companies - Account 457
Direct Indirect Compensation Total
Costs Costs For Use Amount
Name of Associate Company Charged Charged of Capital Billed
457-1 457-2 457-3
<S> <C> <C> <C> <C>
Entergy S.A $ 32,175 $ 42,737 $ 74,912
Entergy Argentina S.A. 63,492 72,023 135,515
Entergy Transener, S.A. * 502,067 676,286 1,178,353
Entergy Power, Inc. 417,635 499,424 917,059
---------- ---------- ----- ----------
TOTAL $1,015,369 $1,290,470 - 0 - $2,305,839
========== ========== ===== ==========
</TABLE>
* Billings to Entergy Transener, S.A. reflect reimbursement of costs incurred
in connection with the development, closing and post-closing work relating
to this project.
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Analysis of Billing
Nonassociate Companies - Account 458
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>
Vidalia-Catalyst (Construction Management) $ 5,415 $ 8,258 $ 13,673 $ 32,327 $ 46,000
SMUD CIS (Software Consulting) 216,294 329,834 546,128 159,112 705,240
PLN (Management Contracting) 256,279 390,809 647,088 (164,777) 482,311
Contract Training (Various) 0 0 15,000 15,000
---------- -------- ---------- -------- ----------
TOTAL $ 477,988 $728,901 $1,206,889 $ 41,662 $1,248,551
========== ======== ========== ======== ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule XVI - Analysis of Charges for Service Associate and Nonassociate Companies
Instruction:
Total cost of service will equal for associate and nonassociate companies the total amount
billed under their separate analysis of billing schedules.
Nonassociate
Associate Company Charges Company Charges Total Charges for Service
Direct Indirect Direct Indirect Direct Indirect
Account Description of Items Cost Cost Total Cost Cost Total Cost Cost Total
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 Salaries and Wages $148,743 $189,043 $337,786 $148,743 $189,043 $337,786
921 Office Supplies and
Expenses 279,383 355,078 634,461 $16,136 $34,886 $51,022 295,519 389,964 685,483
922 Administrative Expense
Transferred - Credit
923 Out Services Employed 577,741 734,272 1,312,013 445,052 654,199 1,099,251 1,022,793 1,388,471 2,411,264
924 Property Insurance
925 Injuries and Damages
926 Employee Pensions and
Benefits (138) (175) (313) 16,800 39,816 56,616 16,662 39,641 56,303
928 Regulatory Commission
Expense
930.1 General Advertising
Expenses
930.2 Miscellaneous General
Expenses
931 Rents
932 Maintenance of Structures
and Equipment
403 Depreciation and Amortization
Expense
408 Taxes Other Than Income
Taxes
409 Income Taxes
410 Provision for Deferred
Income Taxes
411 Provision for Deferred
Income Taxes - Credit
411.5 Investment Tax Credit
426.1 Donations
426.4 Political Contributions
426.5 Other Deductions 9,640 12,252 21,892 9,640 12,252 21,892
427 Interest on Long-Term Debt
431 Other Interest Expense
---------- ---------- ---------- -------- -------- ---------- ---------- ---------- ----------
TOTAL EXPENSES $1,015,369 $1,290,470 $2,305,839 $477,988 $728,901 $1,206,889 $1,493,357 $2,019,371 $3,512,728
Compensation for use of
Equity Capital
430 Interest on Debt to
Associate Companies
---------- ---------- ---------- -------- -------- ---------- ---------- ---------- ----------
TOTAL COST OF SERVICE $1,015,369 $1,290,470 $2,305,839 $477,988 $728,901 $1,206,889 $1,493,357 $2,019,371 $3,512,728
========== ========== ========== ======== ======== ========== ========== ========== ==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule XVII - Schedule of Expense Distribution by Department or Service Function
Instruction:
Indicate each department or service function. (See instruction 01-3 General
Structure of Accounting System: Uniform System of Accounts).
DEPARTMENT OR SERVICE FUNCTION
Total Demand Side Interna Domestic Power
Account Description of Items Amount Executive Management Development Development Legal Admin Marketing
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 Salaries and Wages $2,561,758$1,389,919 $235,404 $84,083 $142,318 $ 442,536 $267,498
921 Office Supplies and
Expenses 1,182,516 232,702 $ 15,567 361,146 19,107 31,762 351,072 171,160
922 Administrative Expense
Transferred - Credit
923 Outside Services
Employed 4,115,397 1,249,321 222,203 1,085,828 55,772 718,016 567,370 216,887
924 Property Insurance 662 662
925 Injuries and Damages 27,890 27,890
926 Employee Pensions and
Benefits 602,687 162,349 16,800 416,793 6,745
928 Regulatory Commission
Expense
930.1 General Advertising
Expenses 4,489 4,489
930.2 Miscellaneous General
Expenses 67,705 59,661 7,320 325 399
931 Rents 97,484 641 96,843
932 Maintenance of Structures
and Equipment 435 435
403 Depreciation and Amortization
Expense 1,295,546 1,131,292 164,254
408 Taxes Other Than Income
Taxes 48,753 184 48,569
409 Income Taxes (1,667,412) (1,667,412)
410 Provision for Deferred
Income Taxes (2,134,626) (2,134,626)
411 Provision for Deferred
Income Taxes - Credit
411.5 Investment Tax Credit
421 Miscellaneous Nonoperating
Income
426.1 Donations 2,025 1,225 800
426.4 Political Contributions 15,300 15,300
426.5 Other Deductions 20,495 20,495
427 Interest on Long-Term Debt
431 Other Interest Expense 10,558 10,558
---------- -------- -------- ---------- -------- -------- ---------- --------
TOTAL EXPENSES $6,251,662 $476,098 $254,570 $1,689,698 $159,287 $892,096 $2,117,623 $662,290
========== ======== ======== ========== ======== ======== ========== ========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Schedule XVII - Schedule of Expense Distribution by Department or Service Function
Instruction:
Indicate each department or service function. (See instruction 01-3 General
Structure of Accounting System: Uniform System of Accounts).
DEPARTMENT OR SERVICE FUNCTION
Total
Account Description of Items Amount
<S> <C> <C>
920 Salaries and Wages
921 Office Supplies and
Expenses
922 Administrative Expense
Transferred - Credit
923 Outside Services See Page 19 of 28
Employed
924 Property Insurance
925 Injuries and Damages
926 Employee Pensions and
Benefits
928 Regulatory Commission
Expense
930.1 General Advertising
Expenses
930.2 Miscellaneous General
Expenses
931 Rents
932 Maintenance of Structures
and Equipment
403 Depreciation and Amortization
Expense
408 Taxes Other Than Income
Taxes
409 Income Taxes
410 Provision for Deferred
Income Taxes
411 Provision for Deferred
Income Taxes - Credit
411.5 Investment Tax Credit
421 Miscellaneous Nonoperating
Income
426.1 Donations
426.4 Political Contributions
426.5 Other Deductions
427 Interest on Long-Term Debt
431 Other Interest Expense
---------- -------- -------- ---------- -------- -------- ---------- --------
TOTAL EXPENSES
========== ======== ======== ========== ======== ======== ========== ========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Departmental Analysis of Salaries - Account 920
Departmental Salary Expense
Included in Amounts Billed to
Name of Department Number of
Indicate each department Total Parent Other Non Personnel
or service function Amount Company Associates Associates End of Year
<S> <C> <C> <C> <C> <C>
Executive $1,389,919 $80,703 4
International Development 235,404 13,668 3
Domestic Development 84,083 4,882 3
Legal 142,318 8,263 3
Administration 442,536 25,695 7
Power Marketing 267,498 15,532 4
---------- -------- --
TOTAL $2,561,758 $148,743 24
========== ======== ==
</TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Outside Services Employed - Account 923
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-A thru 21-C $4,115,397
==========
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Outside Services Employed - Account 923
Relationship
"A" - Associate
"NA" - Non
From Whom Purchased Address Associate Amount
<S> <C> <C> <C>
ABB Funding Partners c/o Union Bank NA $100,000
San Francisco, CA 94104
Baker & McKenzie Jet Cargo International NA 55,448
P. O. Box 020010
Miami, FL 33102
Bert H. Early
Associates 55 East Monroe Streeet, Suite 4530 NA 37,029
Chicago, IL 60603
Carregal & Funes Chemical Bank NA 25,000
Enhiesta, SA
Chadbourne & Parke 1101 Vermont Avenue NW NA 48,292
Washington, D. C. 20005
Charlie McBride
Associates 1730 M Street N. W. NA 32,147
Washington, D. C. 20036
Coopers & Lybrand 317 Seventeenth Street NA 150,000
Denver, CO 80202
Deloitte & Touche Suite 3700, One Shell Square NA 106,490
New Orleans, LA 70139
Dwight D. Cook 3810 Silverstone Dr. NA 28,345
Plano, TX 75023
Entergy Services, Inc. 639 Loyola Avenue A 1,136,485
New Orleans, LA 70113
Fjeldstad International 116 South Lake Drive NA 111,600
Stamford, CT 06903
First Pacific Network,
Inc. 601 West California Avenue NA 379,198
Sunnyvale, CA 94086
Friday, Eldridge & Clark 400 West Capitol NA 32,004
Little Rock, AR 72201
Galvez International c/o First National Bank NA 38,500
San Antonio, TX
Genesis Energy Financial 1040 Great Plain Avenue NA 49,910
Needham, MA 02192
ICS 5000 Highlands Parkway NA 31,556
Smyrna, GA 30082
Joseph Frandolig P. O. Box 251183 NA 42,050
Little Rock, AR 72225
Kanwal J. Dhir 4581 Lennox Blvd NA 86,200
New Orleans, LA 70131
Krueger Associates 2307 Pine Bend Drive NA 64,838
Kingwood, TX 77339
Lamalie Amrop
International P. O. Box 273260 NA 35,361
Tampa, FL 33688
M.W. Rice 2222 Breckenridge NA 75,979
Little Rock, AR 72207
Oracle Corporation 7000 Central Parkway, #1670 NA 55,169
Atlanta, GA 30328
Paul Arpin Van Lines P. O. Box 1302 NA 31,208
East Greenwich, RI 02818
Putnam, Hayes and
Bartlett LTD P. O. Box 1857 NA 191,643
Boston, MA 02106
Reid & Priest 40 West 57th Street NA 595,093
New York, NY 10019
Scott Downing 3935 South Pin Oak NA 25,014
New Orleans, LA 70131
Shearson Lehman Brothers c/o Chemical Bank NA 91,208
NY, NY
The Brock Group, Ltd. 1155 Connecticut Avenue NA 56,628
Washington, D. C. 20036
The PMS Group, Inc. 9200 Dadeland Blvd. NA 85,525
Miami, FL 33156
Vector & Associates 2401 Fountainview, Suite 800 NA 39,680
Houston, TX 77057
Williams & Anderson 111 Center Street, 22nd Floor NA 40,350
Little Rock, AR 72201
Metzler & Associates 520 Lake Cook Road NA 29,294
Deerfield, IL 60015
Others (82) Various NA 208,153
----------
Total $4,115,397
==========
</TABLE>
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Employee Pensions and Benefits - Account 926
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
Moving Expense Reimbursement $582,368
Executive Physicals 1,066
Education Reimbursement 59
Benefits 2,154
Other 17,040
--------
TOTAL $602,687
========
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
General Advertising Expenses - Account 930.1
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
$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
Powerview Ad in "Roll Call" Lewis Advertising $4,489
------
Total $4,489
======
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Miscellaneous General Expenses - Account 930.2
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
Club Membership Fees $ 7,937
Recruiting Advertisement 350
Miscellaneous 521
Director Fees and Expenses 58,897
--------
TOTAL $ 67,705
========
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Rents - Account 931
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
Building $91,009
Office Equipment 6,475
-------
TOTAL $97,484
=======
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Taxes Other Than Income - Account 408
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
Franchise $47,753
Income 1,000
-------
TOTAL $48,753
=======
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1992
Donations - Account 426.1
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 (5) Various charitable &
educational $2,025
------
TOTAL $2,025
======
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Other Deductions - Account 426.5
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
Club Memberships and Dues $20,495
-------
Total $20,495
=======
ANNUAL REPORT OF ENTERGY SERVICES, INC.
For the Year Ended December 31, 1993
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 (A) through 14 (C).
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Organization Chart
See pages 26-A
Methods of Allocation
Indirect costs are allocated monthly to each project based on the direct
dollars charged to the project.
Annual Statement of Compensation for Use of Capital Billed
- Not applicable -
Disclaimer of Subsidization
Enterprises represents that no Domestic Associate Company has subsidized the
operations of Central Costanera, S.A. or Edesur, S.A. and, further, that the
transfer of any personnel from, and the rendering of services by the Domestic
Associate Companies in connection with these companies have not adversely
affected the services provided by such companies to their respective customers.
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1993
Organization Charts
Entergy Enterprises, Inc.
Chairman & Chief Executive Officer
President & COO
Sr. Vice President, Chief Legal Officer
Sr. Vice President, Chief Financial Officer Treasurer
Executive Vice President
Vice President International Development
Vice President Finance
Assistant Secretary
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
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 Enterprises, Inc.
(Name of Reporting Company)
By: /s/ Gerald D. McInvale
(Signature of Signing Officer)
Gerald D. McInvale
Sr. Vice President & Chief Financial Officer
(Printed Name and Title of Signing Officer)
Dated: April 29, 1994
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