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Previous: STACEYS BUFFET INC, 8-K, 1995-05-01 |
Next: MERRILL LYNCH WORLD INCOME FUND INC, 497, 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 Enterprises, Inc.
(Exact Name of Reporting Company)
A Subsidiary Service Company
("Mutual" or "Subsidiary")
Date of Incorporation December 30, 1983 If 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 & Sr. Vice President P.O. Box 61000,
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>
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 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>
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.
<CAPTION>
Account Assets and Other Debits As of December 31
Current Prior
<S> <C> <C> <C>
Service Company Property
101 Service company property (Schedule II) $1,810,768 $1,004,267
107 Construction work in progress (Schedule II)
----------- -----------
Total Property 1,810,768 1,004,267
----------- -----------
108 Less accumulated provision for depreciation and amortization of service
company property (Schedule III) 632,689 189,479
----------- -----------
Net Service Company Property 1,178,079 814,788
----------- -----------
Investments
123 Investments in associate companies (Schedule IV) (2,746,947) 8,140,298
124 Other Investments (Schedule IV) 6,688,705 9,744,147
128 Special Funds (Schedule IV) 30,000
----------- -----------
Total Investments 3,971,758 17,884,445
----------- -----------
Current and Accrued Assets
131 Cash 3,877,744 62,260
135 Working funds 52,850 25,449
136 Temporary cash investments (Schedule IV) 344,402
141 Notes receivable
143 Accounts receivable 45,245 100,192
144 Accumulated provision of uncollectible accounts
146 Accounts receivable from associate companies (Schedule V) 9,577,120 2,401,170
152 Fuel stock expenses undistributed (Schedule VI)
154 Materials and supplies
163 Stores expense undistributed (Schedule VII)
165 Prepayments
174 Miscellaneous current and accrued assets (Schedule VIII) 2,007
----------- -----------
Total Current and Accrued Assets 13,552,959 2,935,480
----------- -----------
Deferred Debits
181 Unamortized debt expense
184 Clearing accounts
186 Miscellaneous deferred debits (Schedule IX) 2,243,411 5,020,948
188 Research, development, or demonstration expenditures (Schedule X)
190 Accumulated deferred income taxes 3,440,593 2,627,891
----------- -----------
Total Deferred Debits 5,684,004 7,648,839
----------- -----------
TOTAL ASSETS AND OTHER DEBITS $24,386,800 $29,283,552
=========== ===========
</TABLE>
<PAGE>
<TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
Schedule I - Comparative Balance Sheet
<CAPTION>
Account Account Liabilities and Proprietary Capital As of December 31
Current Prior
<S> <C> <C> <C>
Proprietary Capital
201 Common stock issued (Schedule XI) $54,400,000 $43,550,000
211 Miscellaneous paid-in-capital (Schedule XI)
215 Appropriated retained earnings (Schedule XI)
216 Unappropriated retained earnings (Schedule XI) (32,208,780) (14,884,541)
----------- -----------
Total Proprietary Capital 22,191,220 28,665,459
----------- -----------
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 1,433,794 1,319,974
233 Notes payable to associate companies (Schedule XIII)
234 Account payable to associate companies (Schedule XIII) 224,150 167,086
236 Taxes accrued (2,896,487) (1,667,412)
237 Interest accrued
238 Dividends declared
241 Tax collections payable 86,987 11,061
242 Miscellaneous current and accrued liabilities (Schedule XIII) 1,313,295 287,385
----------- -----------
Total Current and Accrued Liabilities 161,739 118,094
----------- -----------
Deferred Credits
253 Other deferred credits (See Note 9) 2,033,841 499,999
255 Accumulated deferred investment tax credits
----------- -----------
Total Deferred Credits 2,033,841 499,999
----------- -----------
282 Accumulated Deferred Income Taxes
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $24,386,800 $29,283,552
=========== ===========
</TABLE>
<PAGE>
<TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
Schedule II - Service Company Property
<CAPTION>
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>
Account
301 Organization $126,136 $126,136
303 Miscellaneous Intangible Plant
304 Land and Land Rights
305 Structures and Improvements
306 Leasehold Improvements 218,754 $152,156 370,910
307 Equipment
308 Office Furniture and
Equipment 659,377 654,345 1,313,722
309 Automobiles, Other Vehicles
and Related Garage Equipment
310 Aircraft and Airport Equipment
311 Other Service Company
Property (3)
------------------------------------------------------
SUB-TOTAL 1,004,267 806,501 1,810,768
------------------------------------------------------
107 Construction Work in Progress
------------------------------------------------------
TOTAL $1,004,267 $806,501 $1,810,768
======================================================
</TABLE>
(1) Provide an explanation of those changes considered material:
(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 Addition Close of Year
Office Furniture and Equipment
Furniture $363,198 $600,065
Computer Equipment 242,755 582,401
Telephone 48,392 131,256
-------- ----------
TOTAL $654,345 $1,313,722
======== ==========
(3) Describe other service company property:
<PAGE>
<TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
Schedule III - Accumulated Provision for Depreciation and Amortization of
Service Company Property
<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 $25,224 $25,227 $0 $0 $50,451
303 Miscellaneous Intangible Plant
304 Land and Land Rights
305 Structures and Improvements
306 Leasehold Improvements 57,603 122,442 0 0 180,045
307 Equipment
308 Office Furniture and Fixtures 106,652 295,541 0 0 402,193
309 Automobiles, Other Vehicles
and Related Garage Equipment
310 Aircraft and Airport Equipment
311 Other Service Company
Property
--------------------------------------------------------
TOTAL $189,479 $443,210 $0 $0 $632,689
========================================================
</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, 1994
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.
<TABLE>
<CAPTION>
Balance at Balance at
Description Beginning of Close of
Year Year
<S> <C> <C>
Account 123 - Investment in Associate Companies
Entergy Systems & Service, Inc. (13,500 Shares Common Stock) $8,140,298 ($2,746,947)
Account 124 - Other Investments
First Pacific Networks, Inc. (1,715,235 shares, $.001 Par Common Stock) 9,744,147 6,688,705
Account 128 - Special Funds
California office security deposit 0 30,000
Account 136 - Temporary Cash Investments 344,402 0
----------- ----------
TOTAL $18,228,847 $3,971,758
=========== ==========
</TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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 Close of
Year Year
<S> <C> <C>
Account 146 - Accounts Receivable from Associate Companies
Entergy Richmond Power Corp. $86,281 $0
Entergy Power Development Corp. 696 6,115,785
Entergy Argentina S.A. 135,184 0
Entergy S.A. 75,242 (15,201)
Entergy Transener S.A. 1,186,708 0
Entergy Power, Inc. 917,059 327,256
Entergy Corporation 0 2,621,585
Entergy SASI 0 35,683
Entergy Pakistan, Ltd. 0 106,839
Entergy Power Asia, Ltd. 0 385,173
---------- ----------
TOTAL $2,401,170 $9,577,120
========== ==========
Total
Analysis of Convenience or Accommodation Payments: Payments
Entergy Systems and Service, Inc. - Consulting $30,686
-------
TOTAL $30,686
PAYMENTS =======
</TABLE>
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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, 1994
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, 1994
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 Close of
Year Year
<S> <C> <C>
Account 174 - Miscellaneous Current and Accrued Assets
Interest Receivable on Temporary Investments $2,007 $0
------ --
$2,007 $0
====== ==
</TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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 Close of
Year Year
Account 186 - Miscellaneous Deferred Debits
Employee Benefits ($22,000) $0
Non-Productive Time (26,531) 0
First Pacific Networks, Inc. License 5,069,479 2,243,411
---------- ----------
TOTAL $5,020,948 $2,243,411
========== ==========
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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 None
Demonstration Expenditures -----
TOTAL - 0 -
=====
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
Schedule XI - Proprietary Capital
<TABLE>
<CAPTION>
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 54,400 $54,400,000
</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
Beginning of -or (loss) Paid Close of Year
Description Year
<S> <C> <C> <C> <C> <C>
Account 216 - Unappropriated Retained Earnings ($14,884,541) ($14,481,704) None ($29,366,245)
Unrealized Holding Losses (2,842,535) (2,842,535)
pursuant to FAS 115
------------ ------------ ----- ------------
TOTAL ($14,884,541) ($17,324,239) - 0 - ($32,208,780)
============ ============ ===== ============
</TABLE>
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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>
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, 1994
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
Arkansas Power & Light Company $1,829 $0
Entergy Services, Inc. 144,378 224,150
Entergy Corporation 20,879 0
-------- --------
TOTAL $167,086 $224,150
======== ========
Account 242 - Miscellaneous Current and Accrued Liabilities
Benefit Plans $287,385 $1,020,320
Outside Directors Stock Plan 0 (13,083)
Accrued Payroll 0 306,058
-------- ----------
TOTAL $287,385 $1,313,295
======== ==========
</TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
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.
See pages 14-A through 14-C.
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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 the
Public Utility Regulatory Policies Act (PURPA).
Enterprises' principal activities 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 Securities and Exchange Commission (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 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.
D. Depreciation and Amortization
Depreciation is computed on the declining balance method for
Enterprises over the estimated useful lives of the furniture and
equipment. Leasehold improvements and the FPN License Agreement are
amortized over their estimated useful lives (five years).
E. Goodwill
Intangible assets consist primarily of goodwill that represents the
excess of cost over the fair value of net assets acquired, and the
balance is being amortized over five years using the straight-line
method.
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 $1,474,243, $1,841,043, and $1,430,005 for the years
1994, 1993 and 1992, 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 statement 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 1994, 1993, and 1992.
The cumulative net operating loss that has not been used to reduce
consolidated taxable income is a net operating loss carry forward of
approximately $14.6 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 2009. Enterprises had no unused investment
tax credit or alternative minimum tax credit at December 31, 1994.
The income tax expense (benefit) derived from Enterprises'
contribution of a net operating income (loss) to the consolidated tax
allocation arrangement for 1994, 1993, and 1992 was $(1,829,658),
$(1,667,412), and $(216,031) respectively.
4. INVESTMENT IN FIRST PACIFIC NETWORKS, INC. (FPN)
During 1994, Enterprises sold 60,000 shares of its investment in FPN,
a communications technology company, resulting in an approximate
equity interest of 7.9% at December 31, 1994. In compliance with
Financial Accounting Standards No. 115, Enterprises recorded an
unrealized loss of $2,842,535 on its investment in FPN at December 31,
1994.
During 1994, Enterprises also received $2 million from FPN in
consideration for license rights associated 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 1994 and 1993, Enterprises sold 10,850
shares and 7,500 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 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, 1994, Entergy Corporation had funded Enterprises' operations up to
$54.4 million of a total authorized amount by the SEC of $55.1
million. Authorization by the SEC for the remaining $.7 million
expired on December 31, 1994.
Enterprises and its parent company, Entergy Corporation, filed a
request with the SEC to allow Entergy Corporation to invest up to $350
million in Enterprises. Such investments will be used, among other
things, (1) to provide working capital in connection with Enterprises'
preliminary development activities, consulting services,
administrative services, and other authorized business activities, (2)
to pay its associate companies for services rendered to Enterprises
and (3) for other general corporate purposes.
<PAGE>
<TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
Schedule XV Statement of Income
<CAPTION>
Account Description Current Year Prior Year
Income
<S> <C> <C> <C>
457 Services rendered to associate companies $11,818,915 $2,305,839
458 Services rendered to nonassociate companies 212,489 1,248,551
418 Subsidiary Income (10,887,245) (4,111,667)
419 Interest Income 106,180 55,613
421 Miscellaneous income or loss 548,164 165
------------ -----------
Total Income 1,798,503 (501,499)
------------ -----------
Expense
920 Salaries and wages 7,025,656 2,561,758
921 Office supplies and expenses 2,168,591 1,182,516
922 Administrative expense transferred - credit
923 Outside services employed 6,911,732 4,115,397
924 Property insurance 36,523 662
925 Injuries and damages (859) 27,890
926 Employee pensions and benefits 313,571 602,687
928 Regulatory commission expense
930.1 General advertising expenses 736 4,489
930.2 Miscellaneous general expenses 88,108 67,705
931 Rents 597,618 97,484
932 Maintenance of structures and equipment 1,147 435
940 Active Development 115,461 0
403 Depreciation and amortization expense 1,269,179 1,295,546
408 Taxes other than income taxes (10,886) 48,753
409 Income taxes (1,459,989) (1,667,412)
410 Provision for deferred income taxes (812,703) (2,134,626)
411 Provision for deferred income taxes - credit
411.5 Investment tax credit
426.1 Donations 2,630 2,025
426.4 Political Contributions 0 15,300
426.5 Other deductions 33,692 20,495
427 Interest on long-term debt
430 Interest on debt to associate companies
431 Other interest expense 0 10,558
------------ -----------
Total Expense 16,280,207 6,251,662
------------ -----------
Net Income or (Loss) ($14,481,704) ($6,753,161)
============ ===========
</TABLE>
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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
Entergy SAS $69,382 $27,910 $97,292
Entergy S.A. 89,582 63,471 153,053
Entergy Argentina S.A. 114,227 69,784 184,011
Entergy Pakistan, Ltd. 149,768 252,305 402,073
Entergy Power, Inc. 676,378 487,881 1,164,259
Entergy Power Development
Corp. 5,226,543 4,591,684 9,818,227
---------- ---------- ----- -----------
TOTAL $6,325,880 $5,493,035 - 0 - $11,818,915
========== ========== ===== ===========
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
Analysis of Billing
Nonassociate Companies - Account 458
Instruction:
Provide a brief description of the services rendered to each nonassociate
company:
<TABLE>
<CAPTION>
Direct Indirect Compensation Excess Total
Cost Cost For Use Total Or Amount
Name of Nonassociate Company Charged Charged of Capital Cost Deficiency Billed
458-1 458-2 458-3 458-4
<S> <C> <C> <C> <C> <C>
Vidalia-Catalyst (Construction Management) $15,877 $11,196 $27,073 $76,755 $103,828
SMUD CIS (Software Consulting) 6,880 4,852 11,732 (81,032) (69,300)
PLN (Management Contracting) 56,000 39,489 95,489 54,243 149,732
ARLIS (Railcar Management Software) 16,123 11,369 27,492 737 28,229
------------------------------------------------------------------
TOTAL $94,880 $66,906 $161,786 $50,703 $212,489
==================================================================
</TABLE>
<PAGE>
<TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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.
<CAPTION>
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 $2,667,868 $2,316,625 $4,984,493 $69 $82 $151 $2,667,937 $2,316,707 $4,984,644
921 Office Supplies and 1,164,843 1,011,483 2,176,326 121 84 205 1,164,964 1,011,567 2,176,531
Expenses
922 Administrative
Expense Transferred -
Credit
923 Outside Services 2,089,863 1,814,718 3,904,581 94,573 66,604 161,177 2,184,436 1,881,322 4,065,758
Employed
924 Property Insurance
925 Injuries and Damages
926 Employee Pensions and 34,130 29,637 63,767 34,130 29,637 63,767
Benefits
928 Regulatory Commission
Expense
930.1 General Advertising
Expenses
930.2 Miscellaneous General 3,093 2,686 5,779 3,093 2,686 5,779
Expenses
931 Rents 339,942 295,186 635,128 339,942 295,186 635,128
932 Maintenance of
Structures and
Equipment
403 Depreciation and 26,086 22,652 48,738 26,086 22,652 48,738
Amortization Expense
408 Taxes Other Than 117 136 253 117 136 253
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 55 48 103 55 48 103
427 Interest on Long-Term
Debt
431 Other Interest
Expense
---------------------------------------------------------------------------------------------------
TOTAL EXPENSES 6,325,880 5,493,035 11,818,915 94,880 66,906 161,786 6,420,760 5,559,941 11,980,701
---------------------------------------------------------------------------------------------------
Compensation for use
of Equity Capital
430 Interest on Debt
to Associate
Companies
---------------------------------------------------------------------------------------------------
TOTAL COST OF SERVICE $6,325,880 $5,493,035 $11,818,915 $94,880 $66,906 $161,786 $6,420,760 $5,559,941 $11,980,701
===================================================================================================
</TABLE>
<PAGE>
<TABLE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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).
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
Account Total Demand Side Bulk Technical
Number Description of Items Amount Executive Management Development Legal Administration Power Services
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 Salaries and Wages $7,025,656 $3,219,888 $297,014 $1,750,253 $375,251 $631,421 $411,496 $340,333
921 Office Supplies and 2,168,591 400,952 68,916 1,039,381 106,186 $277,637 $67,386 $208,133
Expenses
922 Administrative Expense
Transferred - Credit
923 Outside Services 6,911,732 1,284,398 2,068,341 1,523,462 1,411,070 $485,206 $30,033 $109,222
Employed
924 Property Insurance 36,523 $36,523
925 Injuries and Damages (859) ($859)
926 Employee Pensions and 313,571 8,483 19,978 90,455 4,713 $185,328 $4,614
Benefits
928 Regulatory Commission
Expense
930.1 General Advertising 736 736
Expenses
930.2 Miscellaneous General 88,108 82,961 1,854 425 $2,868
Expenses
931 Rents 597,618 1,947 359,373 $236,298
932 Maintenance of 1,147 $1,147
Structures and Equipment
940 Active Development 115,461 115,461
403 Depreciation and 1,269,179 25,227 826,068 26,086 $391,798
Amortization Expense
408 Taxes Other Than Income (10,886) 4,442 ($15,328)
Taxes
409 Income Taxes (1,459,989) (808,458)(1,566,506) $914,975
410 Provision for Deferred (812,703) 17,503 ($830,206)
Income Taxes
411 Provision for Deferred
Income Taxes - Credit
411.5 Investment Tax Credit
426.1 Donations 2,630 1,000 300 $330 $1,000
426.4 Political Contributions 0
426.5 Other Deductions 33,692 33,522 $170
427 Interest on Long-Term
Debt
431 Other Interest Expense
--------------------------------------------------------------------------------------
TOTAL EXPENSES $16,280,207 $4,369,823 $1,733,904 $4,789,310 $1,897,645 $2,314,270 $511,953 $663,302
======================================================================================
</TABLE>
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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
Account
Number Description of Items
920 Salaries and Wages
921 Office Supplies and
Expenses
922 Administrative Expense This page is not used.
Transferred - Credit
923 Outside Services
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
940 Active Development
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
427 Interest on Long-Term
Debt
431 Other Interest Expense
TOTAL EXPENSES
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
Departmental Analysis of Salaries - Account 920
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
Executive $2,273,805 $1,613,197 $49 3
Development 3,745,178 2,657,092 80 32
Legal 375,251 266,229 8 4
Administration 631,422 447,975 14 9
---------- ---------- ---- --
TOTAL $7,025,656 $4,984,493 $151 48
========== ========== ==== ==
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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-D $6,911,732
==========
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
Outside Services Employed - Account 923
Relationship
"A" -
Associate
"NA" - Non
From Whom Purchased Address Associate Amount
<S> <C> <C> <C>
Arthur Andersen & Co. 711 Louisiana Street, Suite 7300 NA $25,000
Houston, TX 77002
Baker & McKenzie Jet Cargo International NA 113,473
P. O. Box 020010
Miami, FL 33102
Black & Veatch P.O. Box 27-258 NA 46,776
Kansas City, MO 64180
Boston Pacific Company, Inc. 1225 I Street NW, Suite 890 NA 41,817
Washington, DC 20005
Byron He 9201 Kanis Road, Apt. 1N NA 38,629
Little Rock, AR 72205
Cambridge Energy Research Assoc., Inc. Charles Square NA 110,024
20 University Road
Cambridge, MA 02138
Carregal & Funes Chemical Bank NA 200,448
Enhiesta, SA
Chadbourne & Parke 1101 Vermont Avenue NW NA 153,669
Washington, D. C. 20005
Coopers & Lybrand 317 Seventeenth Street NA 442,677
Denver, CO 80202
Cranford Johnson Robinson Woods, Inc. Capitol Center NA 204,286
303 West Capital
Little Rock, AR 72201
DMC Services P.O. Box 692 NA 25,595
Boston, MA 02102
Deloitte & Touche Suite 3700, One Shell Square NA 34,910
New Orleans, LA 70139
Electric Power Research Institute 3412 Hillview Avenue NA 81,843
Palo Alto, CA 94302
Entergy Power Asia, Ltd. Lippo Centre Main Branch A $46,358
Hong Kong, Chinese Bank
Entergy Services, Inc. 639 Loyola Avenue A 1,024,392
New Orleans, LA 70113
Fjeldstad International 50 Locust Avenue NA 346,182
New Canaan, CT 06903
First Pacific Network, Inc. 871 Fox Lane NA 1,165,238
San Jose, CA 95131
Friday, Eldridge & Clark 400 West Capitol NA 47,000
Little Rock, AR 72201
Gain Technology 1870 Embarcadero NA 68,696
Palo Alto, CA 94303
Honeywell, Inc. 1885 Douglas Drive NA 75,000
Minneapolis, MN 55422
Hugo G. Gil Figueroa c/o Swiss Bank Corporation - New York NA 54,079
101-WA-375489-00
Banco Del Buen Ayre S.A. 358041426
Intesol, Inc. 1027 18th Street NA 34,623
Santa Monica, CA 90403
Jones Walker Waechter Poitevent Suite 245 Republic Place NA 91,717
Carrere & Denegre 1776 Eye Street N.W.
Washington, DC 20006
Kanwal J. Dhir 4581 Lennox Blvd NA 33,000
New Orleans, LA 70131
Krueger Associates 2307 Pine Bend Drive NA 131,257
Kingwood, TX 77339
Landry Associates 109 Rodney Ave. NA $78,679
Encinitas, CA 92024
Luis A. Hernandez Jr., Inc. 5065 Westheimer, Suite 815 East NA 33,852
Houston, TX 77056
Lyon Credit Corporation 1266 E. Main Street NA 25,000
Soundview Plaza
Stamford, CT 06902
M.W. Rice 2222 Breckenridge NA 53,903
Little Rock, AR 72207
Movers International 3500 Claymoore Park Drive NA 33,985
Houston, TX 77043
Phelps Dunbar 400 Poydras Street NA 87,286
Texaco Center
New Orleans, LA 70130
Pillar Corporation 10 Post Office Square, Suite 350 NA 34,254
Boston, MA 02109
Pillsbury Madison & Sutro P.O. Box 60000 NA 146,985
San Francisco, CA 94160
Power Engineers, Inc. 3940 Glenbrook Drive NA 29,726
P.O. Box 1066
Hailey, ID 8333
RCG/Hagler Bailly, Inc. P.O. Box 4516, Church Street Station NA 25,506
New York, NY 10261
Reid & Priest 40 West 57th Street NA 437,908
New York, NY 10019
SSI, Inc. dba Spencer Stuart NA 146,713
P.O. Box 98991
Chicago, IL 60693
Skadden, Arps, Slate, Meagher & Flom 919 Third Avenue NA $35,025
NY, NY 10022
Speas Technologies, Inc. 1601 Westpark Drive, Suite 9 NA 26,033
Little Rock, AR 72204
Sprint P.O. Box 650338 NA 25,000
Dallas, TX 75265
Strategic Performance Management Citicorp Center, #1Sansome NA 39,155
Street, Ste 2000
San Francisco, CA 94104
Swiatlo, David 4700 W. Ingraham Terrace NA 33,280
Coral Gables, FL 33133
Sybase, Inc. P.O. Box 60000 NA 77,871
San Francisco, CA 94160
The Brock Group, Ltd. 1155 Connecticut Avenue NA 86,573
Washington, D. C. 20036
Urban Wallace & Associates 35 Bedford Street, Suite 18B NA 115,394
Lexington, MA 02173
Van Ness Feldman 1050 Thomas Jefferson Street N.W. NA 25,683
Washington, DC 20007
Williams & Anderson 111 Center Street, 22nd Floor NA 115,659
Little Rock, AR 72201
Bechtel 50 Beale Street NA 50,000
San Francisco, CA 94119
Others (129) Various NA 511,573
----------
Total $6,911,732
==========
</TABLE>
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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 $294,118
Other 19,453
--------
TOTAL $313,571
========
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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 aggregate
amount applicable thereto.
Name of Payee Amount Amount
Powerview Newspaper Article Maris, West & Baker, Inc. $736
----
TOTAL $736
====
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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
Advertisement $32,095
Miscellaneous 18,532
Director Fees and Expenses 37,481
-------
TOTAL $88,108
=======
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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 $546,246
Office Equipment 51,372
--------
TOTAL $597,618
========
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
Taxes Other Than Income Taxes - 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
Louisiana Franchise Tax Refund ($23,040)
Franchise 12,154
--------
TOTAL ($10,886)
========
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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 Amount
Others (6) Various charitable and educational $2,630
------
TOTAL $2,630
======
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
For the Year Ended December 31, 1994
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 Amount
Payee
Club Memberships and Dues $33,692
-------
TOTAL $33,692
=======
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 14A - 14C.
<PAGE>
ANNUAL REPORT TO THE SEC OF ENTERGY ENTERPRISES, INC. (UNCONSOLIDATED)
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)
Organization Charts
For the Year Ended December 31, 1994
Ed Lupberger - Chairman & CEO
Terry Ogletree - Executive Vice President
Mike Thompson - Senior Vice President, Chief Legal Officer & Secretary
Gerald McInvale - Senior Vice President, Chief Financial Officer & Treasurer
Bob Cushman - Vice President
Bob Keegan - Vice President
Larry Folks - Vice President
Ken Oberg - Vice President
Fred Nugent - General Counsel
<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 & CFO
(Printed Name and Title of Signing Officer)
Date: May 1, 1995
<TABLE> <S> <C>
<ARTICLE> OPUR2
<CIK> 0000833411
<NAME> ENTERGY ENTERPRISES, INC.
<MULTIPLIER> 1
<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> 1,178,079 814,788
<TOTAL-INVESTMENTS> 3,971,758 17,884,445
<TOTAL-CURRENT-ASSETS> 13,552,959 2,935,480
<TOTAL-DEFERRED-DEBITS> 5,684,004 7,648,839
<OTHER-ASSETS-AND-DEBITS> 0 0
<TOTAL-ASSETS-AND-DEBITS> 24,386,800 29,283,552
<TOTAL-PROPRIETARY-CAPITAL> 22,191,220 28,665,459
<TOTAL-LONG-TERM-DEBT> 0 0
<NOTES-PAYABLE> 0 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0 0
<OTHER-CURR-AND-ACCRUED-LIAB> 161,739 118,094
<TOTAL-DEFERRED-CREDITS> 2,033,841 499,999
<DEFERRED-INCOME-TAX> 0 0
<TOT-LIABIL-AND-PROPRIET-CAP> 24,386,800 29,283,552
<SERVICES-ASSOCIATE-COMPANIES> 11,818,915 2,305,839
<SERVICES-NON-ASSOCIATE-COMP> 212,489 1,248,551
<MISC-INCOME-OR-LOSS> 548,164 165
<TOTAL-INCOME> 1,798,503 (501,499)
<SALARIES-AND-WAGES> 7,025,656 2,561,758
<EMPLOYEE-PENSION-AND-BENEFIT> 313,571 602,687
<OTHER-EXPENSES> 8,940,980 3,087,217
<TOTAL-EXPENSES> 16,280,207 6,251,662
<NET-INCOME> (14,481,704) (6,753,161)
<TOTAL-EXPENSES-DIRECT-COST> 6,325,880 1,015,369
<TOTAL-EXPENSES-INDIRECT-COST> 5,493,035 1,290,470
<TOT-EXP-DIRECT-AND-INDIRECT> 11,818,915 2,305,839
<PERSONNEL-END-OF-YEAR> 48 24
</TABLE>
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