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Previous: EVERGREEN FOUNDATION TRUST, 485BPOS, 1995-05-01 |
Next: DREYFUS MUNICIPAL CASH MANAGEMENT PLUS, 497, 1995-05-01 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-13-60/AMENDMENT NO. 1
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1994 and Ending December 31, 1994
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
ENTERGY OPERATIONS, INC.
_________________________________________________________________
(Exact Name of Reporting Company)
A Subsidiary Service Company
("Mutual " or "Subsidiary")
Date of Incorporation June 6, 1990. If not Incorporated, Date of Organization
State or Sovereign Power under which Incorporated or Organized Delaware
Location of Principal Offices of Reporting Company
1340 Echelon Parkway, Jackson, Mississippi
Name, title and address of officer to whom correspondence concerning this
report should be addressed:
Mr. Lee W. Randall VP, Chief Accounting Officer P.O. Box 61000,
New Orleans, La. 70161
Name of Principal Holding Company Whose Subsidiaries are served by Reporting
Company:
Entergy Corporation
<PAGE>
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing.
Rule 94 provides that on or before the first day of May in
each calendar year, each mutual service company and each
subsidiary service company as to which the Commission shall
have made a favorable finding pursuant to Rule 88, and every
service company whose application for approval or
declaration pursuant to Rule 88 is pending shall file with
the Commission an annual report on Form U-13-60 and in
accordance with the Instructions for that form.
2. Number of Copies.
Each annual report shall be filed in duplicate. The company
should prepare and retain at least one extra copy for itself
in case correspondence with reference to the report become
necessary.
3. Period Covered by Report.
The first report filed by any company shall cover the period
from the date the Uniform System of Accounts was required to
be made effective as to that company under Rules 82 and 93
to the end of that calendar year. Subsequent reports should
cover a calendar year.
4. Report Format.
Reports shall be submitted on the forms prepared by the
Commission. If the space provided on any sheet of such form
is inadequate, additional sheets may be inserted of the same
size as a sheet of the form or folded to each size.
5. Money Amounts Displayed.
All money amounts required to be shown in financial
statements may be expressed in whole dollars, in thousands
of dollars or in hundred thousands of dollars, as
appropriate and subject to provisions of Regulation S-X
(SS210.3-01(b)).
6. Deficits Displayed.
Deficits and other like entries shall be indicated by the
use of either brackets or a parenthesis with corresponding
reference in footnotes. (Regulation S-X, SS210.3-01(c))
7. Major Amendments or Corrections.
Any company desiring to amend or correct a major omission or
error in a report after it has been filed with the
Commission shall submit an amended report including only
those pages, schedules, and entries that are to be amended
or corrected. A cover letter shall be submitted requesting
the Commission to incorporate the amended report changes and
shall be signed by a duly authorized officer of the company.
8. Definitions.
Definitions contained in Instruction 01-8 to the Uniform
System of Accounts for Mutual Service Companies and
Subsidiary Service Companies, Public Utility Holding Company
Act of 1935, as amended February 2, 1979 shall be applicable
to words or terms used specifically within this
Form U-13-60.
9. Organization Chart.
The service company shall submit with each annual report a
copy of its current organization chart.
10. Methods of Allocation.
The service company shall submit with each annual report a
listing of the currently effective methods of allocation
being used by the service company and on file with the
Securities and Exchange Commission pursuant to the Public
Utility Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed.
The service company shall submit with each annual report a
copy of the annual statement supplied to each associate
company in support of the amount of compensation for use of
capital billed during the calendar year.
<PAGE>
ANNUAL REPORT FOR ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
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 Schedule III 8
Amortization of Service Company
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 Schedule XVI 18
Nonassociate Companies
Schedule of Expense of Department or Service Schedule XVII 19-20
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
Page
Description of Reports or Statements Number
Organization Chart 26
Methods of Allocation 26
Annual Statement of Compensation for Use of Capital Billed 26
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
SCHEDULE I - COMPARATIVE BALANCE SHEETS
<TABLE>
Give balance sheet of the Company as of December 31 of the current and prior
year.
<CAPTION>
ACCOUNT ASSETS AND OTHER DEBITS AT DECEMBER 31
1994 1993
SERVICE COMPANY PROPERTY
<S> <C> <C> <C>
101 Service company property (Schedule II) 10,434,031 $9,566,634
107 Construction work in progress (Schedule II) 615,365 1,171,791
----------- -----------
Total Property 11,049,396 10,738,425
----------- -----------
108 Less accumulated provision for depreciation and
amortization of service company property
(Schedule III) 4,575,886 3,307,162
----------- -----------
Net Service Company Property 6,473,510 7,431,263
----------- -----------
INVESTMENTS
123 Investments in associate companies (Schedule IV)
124 Other Investments (Schedule IV)
----------- -----------
Total Investments
----------- -----------
CURRENT AND ACCRUED ASSETS
131 Cash 2,988,542 6,270,580
134 Special deposits
135 Working funds 4,935 4,241
136 Temporary cash investments (Schedule IV)
141 Notes receivable
143 Accounts receivable 31,797 11,040
144 Accumulated provision of uncollectible accounts
146 Accounts receivable from associate companies 16,680,189 3,394,130
(Schedule V)
152 Fuel stock expenses undistributed (Schedule VI)
154 Materials and supplies 6,679
163 Stores expense undistributed (Schedule VII)
165 Prepayments 112,840 1,048
174 Miscellaneous current and accrued assets (Schedule 899,729 593,154
VIII)
----------- -----------
Total Current and Accrued Assets 20,724,711 10,274,193
----------- -----------
DEFERRED DEBITS
181 Unamortized debt expense
184 Clearing accounts 10,212 (2,864)
186 Miscellaneous deferred debits (Schedule IX) 313,697 258,726
188 Research, development, or demonstration
expenditures (Schedule X)
190 Accumulated deferred income taxes 1,044,887 30,647
----------- -----------
Total Deferred Debits 1,368,795 286,509
----------- -----------
TOTAL ASSETS AND OTHER DEBITS $28,567,017 $17,991,965
=========== ===========
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
SCHEDULE I - COMPARATIVE BALANCE SHEETS
<TABLE>
<CAPTION>
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL AS OF DECEMBER 31
1994 1993
PROPRIETARY CAPITAL
<S> <C> <C> <C>
201 Common stock issued (Schedule XI) $5,000 $5,000
211 Miscellaneous paid-in-capital (Schedule XI) 995,000 995,000
215 Appropriated retained earnings (Schedule XI)
216 Unappropriated retained earnings (Schedule XI)
----------- -----------
Total Proprietary Capital 1,000,000 1,000,000
----------- -----------
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
----------- -----------
----------- -----------
OTHER NON-CURRENT LIABILITIES
228 Accumulated Provision for Pensions & Benefits 2,610,205 1,367,095
----------- -----------
Total Long-Term Debt 2,610,205 1,367,095
----------- -----------
CURRENT AND ACCRUED LIABILITIES
231 Notes payable
232 Accounts payable 524,604 5,153,592
233 Notes payable to associate companies (Schedule 12,342,696 7,841,000
XIII)
234 Account payable to associate companies (Schedule 11,142,848 1,885,906
XIII)
236 Taxes accrued 639,463 308,739
237 Interest accrued
238 Dividends declared
241 Tax collections payable 52,813 20,128
242 Miscellaneous current and accrued liabilities 21,643 6,056
(Schedule XIII)
----------- -----------
Total Current and Accrued Liabilities 24,724,066 15,215,420
----------- -----------
DEFERRED CREDITS
253 Other deferred credits 322,290 265,604
255 Accumulated deferred investment tax credits
----------- -----------
Total Deferred Credits 322,290 265,604
----------- -----------
282 Accumulated Deferred Income Taxes - Other Prop. 212,961 143,846
283 Accumulated Deferred Income Taxes - Other (302,506)
----------- -----------
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $28,567,017 $17,991,965
=========== ===========
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 13, 1994
SCHEDULE II - SERVICE COMPANY PROPERTY
<TABLE>
<CAPTION>
Balance at Retirements Other Balance at
Beginning Additions or Changes Close of
Description of Year Sales (1) Year
Service Company Property
Account
<S> <C> <C> <C> <C> <C> <C>
301 Organization
303 Miscellaneous Intangible Plant 434,520 329,936 764,456
304 Land and Land Rights
305 Structures and Improvements
306 Leasehold Improvements 3,239,633 3,239,633
307 Equipment (2) 3,230,416 500,926 3,731,342
308 Office Furniture and Equipment 2,166,349 36,535 2,202,884
309 Automobiles, Other Vehicles 5,767 5,767
and Related Garage Equipment
310 Aircraft and Airport Equipment 489,949 489,949
311 Other Service Company
Property (3)
-----------------------------------------------------------
SUB-TOTAL 9,566,634 867,397 10,434,031
-----------------------------------------------------------
107 Construction Work in Progress (4) 1,171,791 (556,426) 615,365
-----------------------------------------------------------
TOTAL $10,738,425 $310,971 $0 $0 $11,049,396
===========================================================
</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 Year
307.02 Communications and Dispatch $1,548,279
307.03 Data Processing 500,926 2,183,063
307.04 Information Storage
-------- ----------
TOTAL $500,926 $3,731,342
======== ==========
(3) Description other service company property:
N/A
(4) Describe construction work in progress:
Purchase of office equipment and lease hold improvements to corporate
offices.
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 13, 1994
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
Account
<S> <C> <C> <C> <C>
301 Organization
303 Miscellaneous Intangible Plant 86,904 86,904 $173,808
304 Land and Land Rights
305 Structures and Improvements
306 Leasehold Improvements 818,685 $227,722 $1,046,407
307 Equipment 967,568 535,194 $1,502,762
308 Office Furniture and Fixtures 1,043,206 309,836 $1,353,042
309 Automobiles, Other Vehicles 4,133 1,153 $5,286
and Related Garage Equipment
310 Aircraft and Airport Equipment 386,666 107,915 $494,581
311 Other Service Company
Property
--------------------------------------------------------------------
TOTAL $3,307,162 $1,268,724 $4,575,886
====================================================================
(1) Provide an explanation of those changes considered material:
Other changes for account 307 and 308 are account 108.25, Salvage.
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 13, 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.
Balance at Balance at
Description Beginning of Year Close of Year
Account 123 - Investment in Associate Companies None None
Account 124 - Other Investments None None
Account 136 - Temporary Cash Investments None None
---- ----
TOTAL 0 0
==== ====
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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.
Balance at Balance at
Beginning of Close of
Description Year Year
tion
Account 146 - Accounts Receivable from Associate Companies
Arkansas Power & Light 1,373,087 2,767,248
System Energy Resources, Inc. 1,636,728 2,135,340
Louisiana Power & Light 126,061
Mississippi Power & Light
Entergy Services, Inc. 125,718
Entergy Corporation 258,254 (55,261)
Gulf States Utilities 11,707,144
--------- ----------
TOTAL 3,394,130 16,680,189
========= ==========
Total
Analysis of Convenience or Accommodation Payments: Payments
None
----
TOTAL PAYMENTS 0
====
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Schedule VI - Fuel Stock Expense 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 OF ENTERGY OPERATIONS, INC.
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 OF ENTERGY OPERATIONS, INC.
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.
Balance at Balance at
Description Beginning of Close of
Year Year
Account
174 - Miscellaneous Current and Accrued Assets
174.1 Unbilled Jobbing Cost 591,873 847,501
174.899 Misc. Current & Accrued Assets - P/R 1,281 52,228
-------- --------
TOTAL 593,154 899,729
======== ========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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
1861 Miscellaneous Other/Suspense $50,463 $263
186907 Deferred Executive Compensation 64,916 64,916
186908 Deferred Executive Compensation 44,029 44,029
186909 Deferred Outplacement Costs 45,815 45,815
186910 Org. Costs 9,771 2,874
186920 Deferred Executive Compensation 341 341
18694 Recoverable State Income Taxes
18696 Federal Non-curr Recoverable Income Tax 43,391 155,459
-------- --------
TOTAL $258,726 $313,696
======== ========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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 Demonstration None
Expenditures
-----
TOTAL - 0 -
=====
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Schedule XI - Proprietary Capital
</TABLE>
<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>
Account 201-Common Stock Issued 1,000 $5.00 1,000 $5,000
</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 995,000
Account 215 - Appropriated Retained Earnings None
--------
TOTAL $995,000
========
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 Year -or (loss) Paid Close of Year
Description
<S> <C> <C> <C> <C>
Account 216 - Unappropriated Retained Earnings None None None None
----- ----- ----- -----
TOTAL - 0 - - 0 - - 0 - - 0 -
===== ===== ===== =====
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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
Class & Balance at Balance at
Series Date of Interest Amount Beginning Close
of Obligation Maturity Rate Authorized of Year Additions(1) Deductions(1) of Year
Name of Creditor
<S> <C> <C> <C> <C> <C>
Account 223 - Advances from
Associate
Companies: - 0 - - 0 - - 0 -
Account 224 - Other Long-Term
Debt: - 0 - - 0 - - 0 -
---------------------------------------------------------------------------------------------
TOTAL - 0 - - 0 - - 0 - - 0 -
=============================================================================================
</TABLE>
(1) Give an explanation of Deductions:
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ending 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.
Balance at Balance at
Description Beginning Close of
of Year Year
Account 233 - Notes Payable to Associate Companies 7,841,000 12,342,696
--------- ----------
TOTAL 7,841,000 12,342,696
========= ==========
Account 234 - Accounts Payable to Associate Companies
Arkansas Power & Light
System Energy Resources, Inc. 1,273
Louisiana Power & Light 5,841,977
Entergy Services, Inc. 1,884,286 5,243,031
Entergy Corporation 14,983
Money Pool Interest Payable 54,145
Agency A/P to ESI (11,288)
Mississippi Power & Light Co. 347
--------- ----------
TOTAL 1,885,906 11,142,848
--------- ----------
Account 242 - Miscellaneous Current and Accrued Liabilities
242003 Audit Expense 12,200 (2)
242901 Other - Ext.Dir.Stock Plan (6,144) 21,645
--------- ----------
TOTAL 6,056 21,643
========= ==========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Schedule XIV - Notes to Financial Statements
Instructions:
The space below is provided for important notes regarding the financial
statements or any account thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the end of the year. Notes
relating to financial statements shown elsewhere in this report may be
indicated here by reference.
See pages 14 ( 2 ) through 14 ( 7 )
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Schedule XIV - Notes to Financial Statements
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization
Entergy Operations, Inc. (Entergy Operations), a nuclear
management service company wholly owned by Entergy Corporation
(Entergy), has operating responsibility for Arkansas Power &
Light Company's (AP&L) Arkansas Nuclear One Generating Station
Units 1 and 2 (ANO), Louisiana Power & Light Company's (LP&L)
Waterford Steam Electric Generating Station Unit No. 3 (Waterford
3), and System Energy Resources, Inc.'s (System Energy) Grand
Gulf Nuclear Station Unit 1 (Grand Gulf 1), subject,
respectively, to AP&L's, LP&L's, and System Energy's oversight.
Additionally, upon consummation of the Entergy - Gulf States
Utilities (GSU) Merger on December 31, 1993, Entergy Operations
assumed operating responsibility for GSU's River Bend Steam
Electric Generating Station (River Bend), subject to GSU's
oversight. AP&L, GSU, LP&L, System Energy and the other Grand
Gulf 1, River Bend co-owners retained their ownership interests
in their respective nuclear generating units. Further, AP&L, GSU,
LP&L, and System Energy retained their associated capacity and
energy entitlements and pay directly or reimburse Entergy
Operations for the costs associated with the operation and
maintenance of these units. Entergy entered into separate
guarantee agreements with AP&L, GSU, LP&L, and System Energy
whereby Entergy guaranteed the financial ability of Entergy
Operations to meet its various financial obligations to AP&L, GSU,
LP&L, and System Energy under the operating agreements, as
long as AP&L, GSU, LP&L, and System Energy continue to meet
their payment obligations to Entergy Operations under the
applicable operating agreements.
System of Accounts
Entergy Operations maintains its accounts in accordance with
the system of accounts prescribed by the Securities and Exchange
Commission (SEC). Certain previously reported amounts have been
reclassified to conform to current classifications.
Depreciation and Amortization
Depreciation is computed on a straight-line basis at rates
based on the estimated service lives of the various classes of
property. Amortization of leasehold improvements is computed on
a straight-line basis over the lease terms.
Income Taxes
Entergy Operations, its parent, and affiliates file a
consolidated federal income tax return. Income taxes are
allocated to Entergy Operations in proportion to its contribution
to consolidated taxable income. SEC regulations require that no
System company pay more income taxes than it would have paid had
a separate income tax return been filed. In addition, Entergy
Operations files a consolidated Mississippi income tax return
with certain other System companies.
In 1993, Entergy Operations adopted Statement of Financial
Accounting Standards (SFAS) No. 109, "Accounting for Income Taxes."
This standard requires that deferred income taxes be reported
for all temporary differences between the book and tax basis of
assets and liabilities and carryforwards, 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.
No significant impact to Entergy Operations' accounts resulted
from the adoption of SFAS 109.
The 1994 income tax benefit of approximately $161,000
resulted primarily from an adjustment of prior year taxes. At
December 31, 1994, deferred income tax assets totaled
approximately $1.3 million, resulting primarily from timing
differences related to the operating reserves and to deferred
compensation, and deferred income tax liabilities totaled
approximately $0.2 million, resulting primarily from differences
between book and tax depreciation.
Fair Value Disclosure
Entergy Operations considers the carrying amounts of
financial instruments classified as current assets and
liabilities to be a reasonable estimate of their fair value
because of the short maturity of these instruments. Due to its
related party nature, determination of the fair value of advances
from stockholder is not considered practicable.
Statements of Cash Flows
Entergy Operations considers all highly liquid instruments
purchased with an original maturity of three months or less to be
cash equivalents.
NOTE 2. LINES OF CREDIT AND RELATED BORROWINGS
Entergy Operations, through a line of credit with interest
at rates based on the prime rate at a New York bank, has SEC
authorization, through November 30, 1996, to effect short-term
borrowings from Entergy in an aggregate amount outstanding at any
one time of up to $15 million. This line of credit was not used
during 1994 or 1993.
Entergy Operations participates with certain other System
companies in the System Money Pool (Money Pool), an intra-system
borrowing arrangement designed to reduce the System's dependence
on external short-term borrowings. As authorized by the SEC, the
borrowings by Entergy Operations from the Money Pool may not
exceed the amount of the unused portion of the line of credit
discussed above.
The borrowings from the Money Pool and applicable interest
rates for 1994, 1993 and 1992 were as follows:
<TABLE>
<CAPTION>
1994 1993 1992
<S> <C> <C> <C>
Average borrowing $6,482,000 $7,737,521 $6,459,071
Maximum borrowing at month end $13,325,000 $11,081,000 $6,970,000
Average effective interest rate during the year 4.2% 3.1% 3.7%
Effective interest rate at end of year 6.1% 3.2% 3.3%
</TABLE>
NOTE 3. COMMITMENTS AND CONTINGENCIES
Entergy-GSU Merger
In July and August 1992, Entergy and GSU filed applications
with the Federal Energy Regulatory Commission (FERC), the
Louisiana Public Service Commission (LPSC) , and the Public
Utility Commission of Texas (PUCT), and Entergy, Entergy
Operations, and Entergy Services, Inc. (Entergy Services) filed
an application with the SEC under the Holding Company Act,
seeking authorization of various aspects of the combination of
Entergy and GSU. In January 1993, GSU filed two applications
with the Nuclear Regulatory Commission (NRC) seeking approval of
the change of ownership of GSU and an amendment to the operating
license for River Bend to reflect its operation by Entergy
Operations. All requested regulatory approvals were obtained in
1993, and the Merger was consummated on December 31, 1993.
On August 6, 1993, Cajun Electric Power Cooperative, Inc.
(Cajun), the owner of 30% of River Bend, filed a petition to
intervene and a request for a hearing in the NRC proceedings.
The petition was referred to an NRC Atomic Safety and Licensing
Board (ASLB) for consideration. On December 16, 1993, the NRC
Staff issued the two requested license amendments for River Bend,
making them effective immediately upon consummation of the GSU
and Entergy Merger. On January 27, 1994, and subsequent to the
effective date of the amendments, an NRC ASLB issued an order
granting Cajun's petition to intervene and ordered a hearing on
one of Cajun's contentions. On February 15, 1994, GSU filed an
appeal of the ASLB order with the NRC. On August 23, 1994, the
NRC issued an order disallowing GSU's appeal in the ASLB
proceeding and upholding the ASLB's January 27, 1994 order. The
hearing on the proceeding before the ASLB on Cajun's contention
has been set for May 9, 1995.
On December 30, 1993, Entergy Services submitted to FERC
tariff revisions to comply with FERC's order approving the
Merger. On February 4, 1994, the Arkansas Public Service
Commission (APSC) and Arkansas Electric Energy Consumers (AEEC)
filed with FERC a joint protest to the compliance filing. They
alleged that Entergy must insulate the ratepayers of AP&L, LP&L,
MP&L, and NOPSI from all litigation liabilities related to GSU's
River Bend nuclear facility. In its May 17, 1994, order on
rehearing, FERC addressed Entergy's commitment to insulate the
customers of AP&L, LP&L, MP&L, and NOPSI against liability
resulting from certain litigation involving River Bend. In
response to FERC's clarification of Entergy's commitment, Entergy
Services filed a compliance filing on June 16, 1994, which
amended certain System Agreement language submitted with the
December 20, 1993, filing. The APSC and AEEC subsequently filed
protests questioning the adequacy of Entergy's June 16, 1994,
compliance filing. Entergy filed an answer to protest
reiterating its full compliance with the requirements of FERC's
May 17, 1994, order of rehearing. FERC has not yet acted on the
compliance filings.
FERC's orders approving the Merger were appealed to the
United States Court of Appeals for the District of Columbia
Circuit by Entergy Services, the City of New Orleans, Louisiana,
the AEEC, the APSC, Cajun, the Mississippi Public Service
Commission, the American Forest and Paper Association, the State
of Mississippi, the Cities of Benton and others, and Occidental
Chemical Corporation. Entergy seeks review of FERC's deletion of
a 40% cap on the amount of fuel savings GSU may be required to
transfer to other Entergy operating companies under a tracking
mechanism designed to protect the other companies from certain
unexpected increases in fuel costs. The other parties are
seeking to overturn FERC's decisions on various grounds,
including the issues of whether FERC appropriately conditioned
the Merger to protect various interested parties from alleged
harm and FERC's reliance on Entergy's transmission tariff to
mitigate any potential anticompetitive impacts of the Merger.
On November 18, 1994, the D.C. Circuit denied motions filed
by Cajun, Occidental, and AEEC for a remand to FERC and a partial
summary grant of the petitions for review. At the same time, the
D.C. Circuit ordered that the cases be held in abeyance pending
FERC's issuance of (1) a final order on remand in the proceedings
on Entergy's transmission tariff, and (2) a final order on
competition issues in the proceedings on the Merger.
Requests for rehearing of the SEC order were filed with the
SEC by Houston Industries Incorporated and Houston Lighting &
Power Company on December 28, 1993, and petitions for review
seeking to set aside the SEC order were filed with the D.C.
Circuit by these parties on February 15, 1994, and by Cajun on
February 14, 1994. The matter has been remanded by the D.C.
Circuit to the SEC for further consideration in light of
developments at FERC relating to Entergy's transmission tariffs.
On February 14, 1994, Cajun filed with the D.C. Circuit
petitions for review of the NRC's issuance of two Merger-related
license amendments for River Bend. The D.C. Circuit consolidated
the cases and assigned the cases to be heard by the same panel
and on the same day as the petitions to review the SEC Merger-
related orders. On December 29, 1994, the D.C. Circuit ordered
the parties to file options governing further proceedings within
thirty days. Subsequently, the NRC and Entergy requested that
the D.C. Circuit hold the case in abeyance; Cajun asked the D.C.
Circuit to remand the proceeding to the NRC. On March 14, 1995,
the D.C. Circuit denied the NRC's and Entergy's request, ordered
the original NRC order be set aside, and remanded the case to the
NRC for further consideration.
NOTE 4. OPERATING LEASES
Upon formation of Entergy Operations, certain operating
leases were either assigned to Entergy Operations by System
Energy, or entered into directly by Entergy Operations.
Total rental charges to expense for 1994, 1993, and 1992
were approximately $13.2 million, $13.9 million, and $17.8
million, respectively, of which approximately $9.5 million, $10.3
million, and $14.0 million, respectively, related to rent expense
associated directly with AP&L, LP&L, or System Energy leases and
approximately $3.7 million, $3.6 million, and $3.8 million,
respectively, related to rent expense associated with Entergy
Operations leases discussed above. As of December 31, 1994,
Entergy Operations had non-cancelable operating leases with
future minimum rental commitments on building space as follows:
Minimum Lease
Payments
(In Thousands)
1995 $ 2,189
1996 2,202
1997 2,215
1998 2,229
1999 2,243
For years thereafter 11,459
---------
TOTAL $ 22,537
=========
NOTE 5. POSTRETIREMENT BENEFITS
Pension Plans
Effective June 1990, all of System Energy's employees became
employees of Entergy Operations. However, the employees still
remain under System Energy's postretirement benefit plan, and no
transfers of related pension liabilities and assets have been
made. In addition, ANO and Waterford 3 employees who transferred
to Entergy Operations in June 1990, remain under AP&L's and
LP&L's plans, respectively, and no transfers of related pension
liabilities and assets have been made. Entergy Operations'
employees, not formerly in the Entergy System, participate in the
postretirement plans of either AP&L, GSU, LP&L, or System Energy,
depending upon their work location. The System's policy is to
fund pension costs in accordance with contribution guidelines
established by the Employee Retirement Income Security Act of
1974, as amended, and the Internal Revenue Code of 1986, as
amended.
Other Postretirement Benefits
Entergy Operations provides certain health care and life
insurance benefits for retired employees. Substantially all
employees may become eligible for these benefits if they reach
retirement age while still working for the System companies. In
1992, Entergy Operations recognized the cost of providing these
benefits by expensing the amounts as incurred and was then
reimbursed by AP&L, LP&L, and System Energy for their share of
these expenses. Entergy Operations reimbursement for the cost of
providing these benefits to retirees in 1992 was approximately
$35,000 for AP&L, $22,000 for LP&L, and $24,000 for System
Energy.
Effective January 1, 1993, Entergy Operations adopted SFAS
No. 106, "Employers' Accounting for Postretirement Benefits Other
Than Pensions." This standard requires a change from a cash
method to an accrual method of accounting for postretirement
benefits other than pensions. The System operating companies
(other than MP&L and NOPSI) continue to fund these benefits on a
pay-as-you-go basis. At January 1, 1993, the actuarially
determined accumulated postretirement benefit obligation (APBO)
earned by retirees and active employees of Entergy Operations was
estimated to be approximately $5.2 million. This obligation is
being amortized over a 20-year period beginning in 1993.
Total 1994 and 1993 postretirement benefit cost of Entergy
Operations including amounts capitalized and deferred, included
the following components:
1994 1993
Service cost - benefits earned during the period $642,000 $599,000
Interest cost on APBO 337,000 429,000
Net amortizations and deferral 167,000 262,000
---------- ----------
Net periodic postretirement benefit cost $1,146,000 $1,290,000
========== ==========
The funded status of Entergy Operations' postretirement plan
as of December 31, 1994 and 1993, was:
Accumulated postretirement benefit obligation: 1994 1993
Retirees $509,000 $627,000
Other fully eligible participants 1,563,000 1,908,000
Other active participants 2,580,000 4,897,000
----------- -----------
4,652,000 7,432,000
Unrecognized transition obligation 4,718,000 4,980,000
Unrecognized net (gain) loss (2,332,000) 1,232,000
----------- -----------
Accrued postretirement benefit liability $(2,266,000) $(1,220,000)
=========== ===========
The assumed health care cost trend rate used in measuring
the APBO of the System companies was 9.4% for 1995, gradually
decreasing each successive year until it reaches 5.0% in 2011. A
one percentage-point increase in the assumed health care cost
trend rate for each year would have increased the APBO of the
System companies, as of December 31, 1994, by 9.2%, and the sum
of the service cost and interest cost by approximately 13.5%.
The assumed discount rate and rate of increase in future
compensation used in determining the APBO for 1994 and 1993 were
as follows:
1994 1993
Assumed discount rate 8.5% 7.5%
Rate of increase in future compensation 5.1% 5.5%
NOTE 6. TRANSACTIONS WITH AFFILIATES
Entergy Operations has been authorized, pursuant to certain
operating agreements, to act as an agent for AP&L, GSU, LP&L, and
System Energy in the operations, but not ownership, of ANO, River
Bend, Waterford 3, and Grand Gulf 1, respectively. In return,
AP&L, GSU, LP&L, and System Energy pay directly or reimburse
Entergy Operations for the costs associated with operating those
units.
Entergy Operations receives, pursuant to a service
agreement, technical and advisory services from Entergy Services,
Inc. These services amounted to $27.5 million in 1994, $27.3
million in 1993, and $16.5 million in 1992 with AP&L, LP&L, and
System Energy reimbursing Entergy Operations for their
respective portions.
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Schedule XV - Statement of Income
Account Description Current Year Prior Year
<S> <C> <C> <C>
Income
457 Services rendered to associate companies $763,524,781 $496,415,748
458 Services rendered to nonassociate companies
421 Miscellaneous income or loss
------------ ------------
Total Income 763,524,781 496,415,748
------------ ------------
Expense
920 Salaries and wages 252,951,770 187,029,996
921 Office supplies and expenses 206,205,831 92,616,298
922 Administrative expense transferred - credit
923 Outside services employed 242,842,742 167,224,889
924 Property insurance 6,509,771 1,922,804
925 Injuries and damages 237,932 123,993
926 Employee pensions and benefits 25,760,795 18,884,816
928 Regulatory commission expense 0 13,022
930.1 General advertising expenses
930.2 Miscellaneous general expenses 474,491 285,277
931 Rents 13,203,147 13,867,118
932 Maintenance of structures and equipment
403 Depreciation and amortization expense 1,268,684 1,306,410
408 Taxes other than income taxes 13,401,797 14,523,103
409 Income taxes 1,086,069 (1,742,921)
410 Provision for deferred income taxes 533,869 (19,560)
411 Provision for deferred income taxes - credit (1,781,376) (74,103)
411.5 Investment tax credit
421.0 Miscellaneous Non-Operating Income 0 (5)
426.1 Donations 178,603 159,553
426.4 Civic Political & Related Activities 4,037
426.5 Other deductions 337,525 49,416
427 Interest on long-term debt
430 Interest on debt to associate companies 306,801 244,876
431 Other interest expense 2,293 766
------------ ------------
Total Expense 763,524,781 496,415,748
------------ ------------
Net Income or (Loss) $0 $0
============ ============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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
<S> <C> <C> <C> <C>
Arkansas Nuclear One $203,439,688 $18,379,898 $221,819,586
Waterford 3 Nuclear Station 137,851,520 14,181,757 $152,033,277
Grand Gulf Nuclear Station * 160,011,027 19,256,298 $179,267,325
Riverbend Nuclear Station * 200,935,787 9,468,806 $210,404,593
------------ ----------- ----- ------------
TOTAL $702,238,022 $61,286,759 - 0 - $763,524,781
============ =========== ===== ============
</TABLE>
* - EOI does not render bills directly to non-associate owners of this
facility.
EOI renders a bill to Associate Companies who provide invoices
to the co-owners for their allocated costs
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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
Charged Charged of Capital Cost Deficiency Billed
<S> <C> <C> <C> <C> <C> <C>
Name of Nonassociate Company
458-1 458-2 457-3 458-4
None None None None None None
-----------------------------------------------------------------
TOTAL - 0 - - 0 - - 0 - - 0 - - 0 - - 0 -
=================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Schedule XVI - Analysis of Charges for Service Associate and Nonassociate Companies
Total cost of service will equal for associate and nonassociate companies
the total amount billed under their separate analysis of billing schedules.
Associated Company Charges Nonassociate 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>
920 Salaries and Wages 237,611,567 15,340,203 252,951,770 237,611,567 15,340,203 252,951,770
921 Office Supplies and
Expenses 193,795,846 12,409,985 206,205,831 193,795,846 12,409,985 206,205,831
922 Administrative Expense
Transferred - Credit
923 Outside Services Employed 226,273,452 16,569,290 242,842,742 226,273,452 16,569,290 242,842,742
924 Property Insurance 6,398,717 111,054 6,509,771 6,398,717 111,054 6,509,771
925 Injuries and Damages 1,750 236,182 237,932 1,750 236,182 237,932
926 Employee Pensions and
Benefits 15,482,308 10,278,487 25,760,795 15,482,308 10,278,487 25,760,795
928 Regulatory Commission
Expense
930.1 General Advertising
Expenses
930.2 Miscellaneous General
Expenses 309,116 165,375 474,491 309,116 165,375 474,491
931 Rents 8,724,055 4,479,092 13,203,147 8,724,055 4,479,092 13,203,147
932 Maintenance of Structures
and Equipment
403 Depreciation and
Amortization Expense 1,268,684 1,268,684 1,268,684 1,268,684
408 Taxes Other Than
Income Taxes 13,134,081 267,716 13,401,797 13,134,081 267,716 13,401,797
409 Income Taxes 1,086,069 1,086,069 1,086,069 1,086,069
410 Provision for Deferred
Income Taxes 533,869 533,869 533,869 533,869
411 Provision for Deferred
Income Taxes - Credit (1,781,376) (1,781,376) (1,781,376) (1,781,376)
411.5 Investment Tax Credit
421 Miscellaneous Nonoperating
Income
426.1 Donations 183,554 (4,951) 178,603 183,554 (4,951) 178,603
426.4 Civic Political &
Related Activities 4,037 4,037 4,037 4,037
426.5 Other Deductions 323,576 13,949 337,525 323,576 13,949 337,525
427 Interest on Long-Term Debt
431 Other Interest Expense 2,293 2,293 2,293 2,293
--------------------------------------------------------------------------------------------------
TOTAL EXPENSES 702,238,022 60,979,958 763,217,980 702,238,022 60,979,958 763,217,980
--------------------------------------------------------------------------------------------------
Compensation for use of
Equity Capital
--------------------------------------------------------------------------------------------------
430 Interest on Debt to
Associate Companies 306,801 306,801 306,801 306,801
--------------------------------------------------------------------------------------------------
TOTAL COST OF SERVICE 702,238,022 61,286,759 763,524,781 702,238,022 61,286,759 763,524,781
==================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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
Total Arkansas Grand Gulf Waterford 3 Riverbend
Account Description of Items Directs & Total Nuclear Nuclear Nuclear Nuclear
Number Indirects Directs One Station Station Station
<S> <C> <C> <C> <C> <C> <C> <C>
920 Salaries and Wages $252,951,770 $237,611,567 $80,304,665 $49,631,355 $49,581,577 $58,093,970
921 Office Supplies and Expenses 206,205,831 193,795,846 47,529,022 68,236,166 33,226,627 44,804,031
922 Administrative Expense Transferred - Credit
923 Outside Services Employed 242,842,742 226,273,452 63,934,134 28,468,751 46,847,405 87,023,162
924 Property Insurance 6,509,771 6,398,717 602,598 4,539,419 574,990 681,710
925 Injuries and Damages 237,932 1,750 394 884 472
926 Employee Pensions and Benefits 25,760,795 15,482,308 1,979,779 4,011,207 2,495,886 6,995,436
928 Regulatory Commission Expense
930.1 General Advertising Expense
930.2 Miscellaneous General Expense 474,491 309,116 1,651 89,833 (46) 217,678
931 Rents 13,203,147 8,724,055 3,425,533 1,255,573 1,365,339 2,677,610
932 Maintenance of Structures and Equipment
403 Depreciation and Amortization Expense 1,268,684
408 Taxes Other Than Income Taxes 13,401,797 13,134,081 5,583,172 3,745,200 3,589,744 215,965
409 Income Taxes 1,086,069
410 Provision for Deferred Income Taxes 533,869
411 Provision for Deferred Income Taxes - Credit (1,781,376)
411.5 Investment Tax Credit
421 Miscellaneous Nonoperating Income
426.1 Donations 178,603 183,554 78,027 52,341 50,168 3,018
426.4 Civic, Political & Related Activities 4,037
426.5 Other Deductions 337,525 323,576 1,107 (19,212) 118,946 222,735
427 Interest on Long-Term Debt
430 Interest on Debt to Associate Companies 306,801
431 Other Interest Expense 2,293
-----------------------------------------------------------------------------
TOTAL EXPENSES 763,524,781 702,238,022 203,439,688 160,011,027 137,851,520 200,935,787
=============================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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
Total Indirects Indirects Indirects Indirects
Account Description of Items Indirects Arkansas Grand
Number (Memo) Nuclear One Gulf Waterford 3 Riverbend
<S> <C> <C> <C> <C> <C> <C>
920 Salaries and Wages $15,340,203 $4,600,527 $4,819,892 $3,549,723 $2,370,061
921 Office Supplies and Expenses 12,409,985 3,721,755 3,899,217 2,871,671 1,917,342
922 Administrative Expense Transferred - Credit
923 Outside Services Employed 16,569,290 4,969,130 5,206,070 3,834,134 2,559,956
924 Property Insurance 111,054 33,305 34,893 25,698 17,158
925 Injuries and Damages 236,182 70,831 74,208 54,652 36,491
926 Employee Pensions and Benefits 10,278,487 3,082,518 3,229,500 2,378,442 1,588,027
928 Regulatory Commission Expense
930.1 General Advertising Expense
930.2 Miscellaneous General Expense 165,375 49,596 51,961 38,268 25,550
931 Rents 4,479,092 1,343,279 1,407,330 1,036,462 692,021
932 Maintenance of Structures and Equipment
403 Depreciation and Amortization Expense 1,268,684 380,478 398,621 293,574 196,011
408 Taxes Other Than Income Taxes 267,716 80,288 84,116 61,949 41,363
409 Income Taxes 1,086,069 325,712 341,243 251,316 167,798
410 Provision for Deferred Income Taxes 533,869 160,107 167,742 123,537 82,483
411 Provision for Deferred Income Taxes - Credit (1,781,376) (534,235) (559,708) (412,210) (275,223)
411.5 Investment Tax Credit
421 Miscellaneous Nonoperating Income
426.1 Donations (4,951) (1,485) (1,556) (1,146) (764)
426.4 Civic, Political & Related Activities 4,037 1,211 1,268 934 624
426.5 Other Deductions 13,949 4,183 4,383 3,228 2,155
427 Interest on Long-Term Debt
430 Interest on Debt to Associate Companies 306,801 92,010 96,397 70,994 47,400
431 Other Interest Expense 2,293 688 721 531 353
-----------------------------------------------------------
TOTAL EXPENSES 61,286,759 18,379,898 19,256,298 14,181,757 9,468,806
===========================================================
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Departmental Analysis of Salaries - Account 920
<TABLE>
<CAPTION>
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
<S> <C> <C> <C>
Directs - ANO $80,304,665 $80,304,665 1,391
Directs - RiverBend 58,093,970 $58,093,970 891
Directs - Grand Gulf 49,631,355 $49,631,355 945
Directs - Waterford 3 49,581,577 $49,581,577 871
Indirects - ANO 4,600,527 $4,600,527 51
Indirects - RiverBend 2,370,061 $2,370,061 26
Indirects - Grand Gulf 4,819,892 $4,819,892 53
Indirects - Waterford 3 3,549,723 $3,549,723 39
------------ ------------ -----
TOTAL $252,951,770 $252,951,770 4,267
============ ============ =====
</TABLE>
* EOI does not render bills directly to non-associate owners of
this facility. EOI renders a bill to Associate Companies who
provide invoices to the co-owners for their allocated costs.
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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 (2) through 21 (20)
<PAGE>
<TABLE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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.
<CAPTION>
Relationship
"A" - Associate
"N/A" - Non
From Whom Purchased Address Associate Amount
<S> <C> <C>
Outside Services - Auditing
NONE
Outside Services - Engineering
ABB CE NUCLEAR POWER N/A 3,304,256
ATOMIC ENERGY OF CANADA LTD N/A 53,600
AURA ENERGY CORP N/A 53,452
AURORA NUCLEAR TECH SVCS INC N/A 982,243
B & W FUEL COMPANY N/A 109,659
B&W NUCLEAR SERVICE COMPANY N/A 5,411,612
BARNHART CRANE & RIGGING N/A 61,310
BCP TECHNICAL SERVICES INC N/A 800,973
BECHTEL POWER CORPORATION N/A 20,358,211
BW/IP INTERNATIONAL INC N/A 206,364
CE NUCLEAR POWER N/A 4,349,406
CHANDLER MAY INC N/A 117,572
CONAM NUCLEAR INC N/A 1,082,787
COOPER ENERGY SERVICES GROUP N/A 799,906
DUKE ENGINEERING SERVICES N/A 211,152
EBASCO SERVICES INC N/A 746,009
ENERGY SERVICES GROUP N/A 85,085
ENGINEERING & RESEARCH INC N/A 73,117
EPRI N/A 1,284,017
ERIN ENGINEERING N/A 233,134
GENERAL ELECTRIC CO. N/A 17,436,025
GILBERT ASSOCIATES INC N/A 620,088
GP INT'L ENGINEERING N/A 194,940
GP INTERNATIONAL ENG N/A 1,205,655
GROVE ENGINEERING INC N/A 29,358
GULF ENGINEERING CO N/A 1,323,628
HALLIBURTON NUS ENVIRONMENTAL N/A 417,030
IMPELL CORP N/A 58,465
JACOBS ENGINEERING GROUP N/A 120,165
JOHNSTON ENG INC N/A 676,946
KRANCO CRANE SERVICES N/A 65,643
LIFE CYCLE ENGINEERING N/A 40,000
NAI ENGINEERING SVCS N/A 53,150
NASH ENGINEERING CO N/A 53,445
NISYS CORPORATION N/A 113,825
NUTECH ENGINEERS GROUP N/A 36,465
OMEGA TECHNICAL SERVICES INC N/A 152,665
ONSITE ENGINEERING & MGMT INC N/A 448,688
PACIFIC NUCLEAR SYSTEMS N/A 168,147
PACKER ENGINEERING N/A 25,500
PATSCO N/A 252,867
PCI ENERGY SERVICES N/A 50,256
POWER COMPUTING N/A 25,841
POWER GENERATION TECHNOLOGIES N/A 57,152
PRC ENGINEERING SYSTEMS INC N/A 1,197,108
RAYTHEON ENGINEERS N/A 2,580,698
RYAN NUCLEAR INC N/A 41,528
SCIENCE APPLICATION N/A 4,074,310
SENIOR ENGINEERING CO N/A 1,939,893
SIEMENS POWER CORP. N/A 3,811,011
SPENCE ENGINEERING CO N/A 29,215
SPENCER-ENGINEERS INC N/A 37,631
STONE & WEBSTER ENGINEERING CO N/A 2,898,354
STRUCTURAL INTEGRITY ASSOC INC N/A 251,208
TELEDYNE BROWN ENGINEERING N/A 127,851
TETRA ENGINEERING GROUP N/A 51,680
UE&C NUCLEAR INC N/A 75,207
UNITED ENERGY SERVICES CORP N/A 62,572
VECTRA TECHNOLOGIES INC N/A 16,482,647
VOLT TECHNICAL SERVICES N/A 9,450,935
WESTINGHOUSE ELECTRIC CORP N/A 5,586,901
Subtotal 112,648,558
Outside Services - Legal
REID & PRIEST N/A 52,678
Subtotal 52,678
Outside Services - Management Consultants
3M BUSINESS PRODUCTS N/A 57,772
ACOUSTIC CONSULTANTS N/A 47,433
CALDON INC N/A 2,074,020
CONNALLY CONSULTING N/A 197,426
EBASCO BUSINESS CONSULTING CO N/A 1,150,635
ENERCON SERVICES INC N/A 5,121,060
HYDRO CONSULTANTS INC N/A 63,443
IEPSON CONSULTING ENGINEERS N/A 106,797
INDEPENDENT CONSULTANTS N/A 473,017
JOHN W HALLAM CONSULTANT N/A 27,000
NUCLEAR CONSULTING SERVICES N/A 51,628
PACIFIC-ATLANTIC TECHNICAL N/A 1,361,239
PRISM CONSULTING INC N/A 450,494
SPEC CONSULTANTS INC N/A 251,218
SYNERGY CONSULTING SVCS CORP N/A 328,066
Subtotal 11,761,248
Outside Services - Other
A & W INDUSTRIAL PAINTING N/A 392,889
A E C L TECHNOLOGIES N/A 36,580
ABB AMDATA INC N/A 376,439
ABB IMPELL CORP N/A 271,480
ACCENT JANITORIAL SERVICE INC N/A 318,613
ACTION TECHNICAL SERVICES N/A 133,696
AD WYNNE CO INC N/A 205,948
AEA O'DONNELL INC N/A 514,669
AECL TECHNOLOGIES N/A 385,398
AL GEORGE INC N/A 42,342
ALGOR INCORPORATED N/A 28,753
AMERICAN CONTRACTOR N/A 620,462
AMERICAN REMEDIATION TECH INC N/A 145,585
AMERICAN TECHNICAL INSTITUTE N/A 205,113
ANALYSIS & MEASUREMENT N/A 107,022
ANALYTICS INC N/A 32,824
ANCHOR DARLING VALVE N/A 126,564
ANCO INSULATIONS INC N/A 1,746,600
ARD CORPORATION N/A 109,004
ARKANSAS TECH UNIVERSITY N/A 51,190
ARKWRIGHT MUTUAL INSURANCE N/A 323,814
ARNOLD CARPETS N/A 60,236
ARROW ELECTRONICS INC N/A 50,496
ARROWHEAD INDUSTRIAL N/A 119,840
ASI SIGN SYSTEMS N/A 474,870
ASK GROUP N/A 26,962
ASSOCIATED TECHNICAL N/A 156,212
ATLANTIC GROUP INC N/A 2,283,089
ATWOOD & MORRILL CO INC N/A 303,743
AVNET COMPUTER N/A 55,616
BAILEY PAINT CO N/A 35,456
BALL MECHANICAL SERVICES N/A 28,071
BARRIERE CONSTRUCTION N/A 66,813
BARROW ROOFING N/A 37,200
BARTLETT NUCLEAR INC N/A 2,016,540
BECHTEL SOFTWARE INC N/A 67,300
BELCAN SERVICES GROUP N/A 60,967
BELLSOUTH COMMUNICATIONS N/A 26,504
BETZ INDUSTRIAL N/A 34,249
BETZ WATER MANAGEMENT N/A 90,045
BOH BROS CONSTRUCTION CO INC N/A 460,273
BRAND SCAFFOLD BUILD N/A 49,274
BRAND UTILITY SERVICES N/A 1,144,837
BRICE BLDG CO INC N/A 610,350
BROOKS SUPPORT SYSTEMS N/A 58,814
BROWNING-FERRIS INDUSTRIES N/A 121,043
BURNS INTERNATIONAL N/A 1,597,806
C-K ASSOC INC N/A 162,431
CAIN INDUSTRIAL SERVICES N/A 559,761
CANBERRA INDUSTRIES INC N/A 387,460
CARTER CHAMBERS SUPPLY N/A 40,524
CATARACT INC N/A 340,158
CENTRAL INTERSTATE WASTE COMPACT N/A 130,000
CHAR SERVICES INC N/A 35,600
CHELAN INC N/A 114,621
CHEM CLEAN N/A 42,782
CHEM NUCLEAR SYSTEMS INC N/A 2,041,184
CHEM-NUCLEAR SYSTEMS INC N/A 582,132
CHEM-SPRAY SOUTH INC N/A 166,500
CHURCHILL ENVIRONMENTAL N/A 733,629
CIVIL CONSTRUCTION CO N/A 88,040
CLEVELAND ELECTRIC CO N/A 43,279
CLOCKWORK DESIGNS INC N/A 28,344
COLT CONTRACTORS INC N/A 1,106,437
COMMUNICATIONS SPECIALIST N/A 58,593
COMPUTATIONAL FLUID DYNAMICS N/A 61,260
COMPUTERVISION CORP N/A 33,562
CONSTRUCTION SYSTEMS N/A 129,049
CONTINENTAL FIELD SYSTEMS N/A 57,800
CONTROL TECHNOLOGIES N/A 77,240
COOPER OIL TOOL DIVISION N/A 109,909
COOPERHEAT INC N/A 132,124
CORROSION SERVICES, INC N/A 41,930
CRANCH-HARDY & ASSOCIATES N/A 78,873
CROSBY VALVE & GAGE N/A 358,166
CSE INC N/A 188,894
DATAPLEX CORP N/A 44,296
DAVENPORT COOLING TECHNOLOGIES N/A 193,409
DAY & ZIMMERMANN N/A 1,877,522
DDI CUSTOMER SERVICE INC N/A 126,844
DEFENDER SERVICES INC N/A 438,391
DELTA WASTE SYSTEMS N/A 117,435
DEVELOPMENT DIMENSIONS INTL N/A 25,500
DEVONRUE LTD N/A 116,347
DIGITAL EQUIPMENT CORP N/A 163,181
DIONEX CORP N/A 254,344
DIVERSIFIED TECHNOLOGIES N/A 44,624
DIXSON INC N/A 25,000
DONNELLEY RECEIVABLE N/A 73,112
DOVER ELEVATOR CO N/A 119,919
EASTMAN KODAK CO N/A 114,755
ECAD DIV OF CM TECH N/A 31,026
EDCOM DATA INC N/A 43,000
EDISON ELECTRIC INST N/A 45,980
ENCORE COMPUTER CORP N/A 29,682
ENERTECH N/A 331,810
ENTERGY SERVICES INC A 19,730,550
ENVIRO SOLVE N/A 85,103
EPRI M & D CENTER N/A 36,850
EQUIFAX SERVICES INC N/A 77,348
EXCEL SERVICE CORP N/A 381,705
EXECUTIVE PRODUCTION N/A 55,810
EXPRESS SERVICES INC N/A 192,570
FAILURE ANALYSIS ASSESSMENT N/A 75,337
FILENET CORPORATION N/A 272,401
FIRST NATL BANK OF RUSSELLVILLE N/A 60,219
FISCAL SERVICES N/A 285,910
FLEXONICS INC N/A 147,400
FPI INTERNATIONAL N/A 64,000
FREEZE TECHNOLOGY INTL INC N/A 190,646
FURMANITE N/A 186,584
GARDEN AND PET CENTER N/A 62,091
GE CAPITAL MODULAR SPACE N/A 220,686
GE POWER & GENERATION N/A 101,569
GENERAL ELECTRIC NAVAL N/A 158,851
GENERAL PHYSICS CORP N/A 1,839,976
GLOBAL DIVERS & CONTRACTORS N/A 102,378
GMW MAINTENANCE CO N/A 134,832
GOOTEE CONSTRUCTION INC N/A 2,377,620
GRANT THORNTON N/A 72,330
GROUND WATER ASSOCIATES N/A 61,164
HAYWARD BAKER INC N/A 44,429
HELGESON SCIENTIFIC SERVICES N/A 28,681
HENDERSON SPECIALTIES N/A 117,574
HENDRIE JOSEPH M N/A 34,899
HEPCO INC N/A 175,674
HERGUTH LABORATORIES N/A 54,733
HEWLETT PACKARD N/A 27,997
HILSMAN GRAY MDPA N/A 69,111
HINDS COMMUNITY COLLEGE N/A 25,920
HOLMAN BOILER WORKS INC N/A 60,340
HOLTEC INTERNATIONAL N/A 95,121
HONEYWELL INC N/A 284,637
HSB PROFESSIONAL LOSS CONTROL N/A 80,374
HUBER LAWRENCE & ABELL N/A 38,168
HYDRATIGHT N/A 72,080
IBM CORPORATION N/A 42,388
ICESOLV INC N/A 300,483
INDEPENDENT ROOFING N/A 356,098
INDUSTRIAL LEAK DETECTION INC N/A 85,875
INFORMATION HANDLING N/A 79,684
INGERSOLL DRESSER PUMP N/A 123,271
INS CORP N/A 623,907
INSTITUTE OF NUCLEAR POWER OPS N/A 102,439
INSULATION INC N/A 1,115,949
INTEGRATED MANAGEMENT N/A 1,083,215
INTERGRAPH CORPORATION N/A 190,609
INTERNATIONAL MAINTENANCE CORP N/A 161,121
INTERSTATE NUCLEAR SVCS CORP N/A 705,007
INTERTECH SYSTEMS GR N/A 91,118
ION TRACK INSTRUMENTS INC N/A 48,898
IONICS INC N/A 646,978
J D R INCORPORATED N/A 490,710
JAMES CLEANERS N/A 35,800
JE MERIT CONSTRUCTORS INC N/A 208,714
JOHN H CARTER CO INC N/A 42,918
JOHNSON BAILEY HENDERSON N/A 594,502
JONSOG ASSOCIATES N/A 26,955
KIDD'S ENTERPRISES INC N/A 1,918,697
KINETICS INC N/A 92,223
KING & CO INC N/A 75,600
LA DEPT ENVIR QLTY N/A 206,000
LA MAINTENANCE SERVICES N/A 647,310
LANIER BUSINESS PRODUCTS N/A 75,051
LASLEY ACOUSTICS CO N/A 38,522
LEAK REPAIRS INC N/A 36,986
LEASETEC SYSTEMS N/A 50,522
LIBERTY TECHNOLOGIES N/A 61,434
LORAL INSTRUMENTATION N/A 51,236
LOUISIANA MAINTENANCE SERVICES N/A 228,541
LOUISIANA STATE UNIVERSITY N/A 34,584
LOVEJOY CONTROLS CORP N/A 89,788
LUCAS MANAGEMENT SYSTEMS N/A 28,899
M S I INDUSTRIES INC N/A 354,955
MARTIN ROBERT D N/A 26,576
MATHES GROUP N/A 46,315
MECHANICAL DYNAMICS N/A 46,076
MERLIN GERIN, INC. N/A 58,330
MERRIHUE, H J N/A 173,361
MONTGOMERY ELEVATOR N/A 53,922
MOODY'S INVESTORS SERVICE N/A 105,750
MPR ASSOCIATES INC N/A 305,476
MS TECHNOLOGY TRANS CENTER N/A 154,108
N & D TECHNICAL SERVICE N/A 410,557
NALCO CHEMICAL CO N/A 759,104
NATIONAL ELECTRIC SUPPLY CO N/A 117,542
NATIONAL FIRE & MEDICAL SVCS N/A 39,241
NATIONAL INSPECTION N/A 28,799
NCS CORPORATION N/A 56,701
NEPTUNE SCIENCES INC N/A 41,304
NES INC N/A 189,270
NICHOLAS ACOUSTICS CO N/A 27,661
NOBLE BRENT N/A 289,526
NSS NUMANCO INC N/A 4,166,282
NUMANCO N/A 68,096
OCHSNER CLINIC N/A 109,836
OGDEN ENVIRONMENTAL N/A 92,788
ORACLE CORPORATION N/A 51,019
OTHER SERVICES - < $25,000 N/A 419,933
PANASONIC INDUSTRIAL N/A 46,400
PAR SYSTEMS INC N/A 59,921
PDMA CORPORATION N/A 65,402
PEICO N/A 56,405
PERFORMANCE CONTRACT N/A 28,434
PERKIN ELMER CORP N/A 28,696
PINKERTONS INC N/A 59,907
PLANT TRACK SPECIALTIES N/A 27,446
PLASTOCOR N/A 501,000
PMCI N/A 50,862
POLAROID CORPORATION N/A 44,822
POWER TOOL REPAIR SERVICE N/A 25,525
PRECISION SURVEILLANCE N/A 50,150
PRIME COMPUTER INC N/A 36,384
PROFESSIONAL BUILDING SERVICES N/A 453,936
PROMAX N/A 36,797
PROSTAFF TEMPORARY S N/A 47,960
QES INC N/A 144,532
QUADREX RECYCLE CENTER N/A 48,289
QUALITY GROUP INC N/A 30,450
RACE CARPET AND VINYL N/A 38,242
RAIN FOR RENT INC N/A 46,255
RALPH A HILLER CO N/A 59,375
RAZORBACK DISPOSAL INC N/A 47,280
RELIABILITY AND PERFORMANCE N/A 547,258
RHR INTERNATIONAL CO N/A 151,199
RICHARDSON PAINT CO N/A 1,111,216
RIVER PARISH MAINTENANCE INC N/A 1,648,411
ROBINSON INC N/A 61,814
ROOFMASTERS ROOFING N/A 29,060
RUST UTILITY SERVICE N/A 904,274
S & W TECHNICAL SERVICES INC N/A 2,906,883
SAIC N/A 206,441
SALCO CONSTRUCTION INC N/A 36,931
SARGENT & LUNDY ENGINEERS N/A 240,980
SCIENTECH INC N/A 197,611
SCIENTIFIC ECOLOGY GROUP INC N/A 1,106,716
SENIOR FLEXONICS INC N/A 108,323
SGS INDUSTRIAL SERVICES N/A 1,054,866
SIERRA NUCLEAR CORP N/A 3,939,722
SIMULATION SYSTEMS & SERVICES N/A 867,000
SMITHKLINE BEECHAM CLINIC N/A 33,001
SOLID STATE CONTROLS N/A 384,087
SONNERSCHEIN NATH N/A 25,000
SOUTH LOUISIANA BANK N/A 1,410,916
SOUTH MISSISSIPPI EPA N/A 28,576
SOUTHEAST COMPACT COMMISSION N/A 456,500
SOUTHERN ELECTRIC INTL INC N/A 37,250
SOUTHERN ENTERPRISES INC N/A 41,900
SOUTHWEST RESEARCH INC N/A 64,707
SPACE MASTER INTL INC N/A 85,633
SPECTRA INC N/A 28,709
ST CHARLES PARISH N/A 90,000
ST JOHN THE BAPTIST N/A 90,000
STAMM-SCHEELE INC N/A 41,027
STANDARD & POORS CORP N/A 124,000
STAR SERVICE INC N/A 268,202
STATE OF ARKANSAS N/A 77,923
STATE OF LA MILITARY N/A 43,125
STATE OF MS EMERGENCY PLANNING N/A 267,253
STEVENSON & ASSOCIATES N/A 647,684
STUDSVIK OF AMERICA N/A 40,000
T C H D INC N/A 30,217
TAD TECHNICAL SERVICES CORP N/A 68,207
TAYLOR NURSERY N/A 185,610
TEAM ENVIRONMENTAL S N/A 33,841
TENSAS PARISH OEP N/A 89,551
TERRY TRANE SERVICE N/A 139,147
TESCOBRAND INC N/A 28,899
THE ATLANTIC GROUP N/A 389,518
THE HARTFORD STEAM BOILER N/A 109,471
THE MARLEY COOLING TOWER CO N/A 112,802
THRASHER WATERPROOFING N/A 46,000
TL JAMES & CO INC N/A 161,814
TMA NORCAL N/A 27,128
TODAY'S OFFICE N/A 984,618
TODD ELECTRIC INC N/A 409,101
TRENTEC INC N/A 258,006
TRIANGLE COMPUTER N/A 26,755
UNION PUMP COMPANY N/A 32,132
UNITED STATES TESTING N/A 158,276
UNIVERSITY OF MARALYN N/A 132,852
UT STATE UNIVERSITY N/A 30,500
UTILITY SYSTEMS SERVICE INC N/A 272,728
VANCE & ASSOCIATES N/A 33,143
VOLIAN ENTERPRISES INC N/A 94,500
VPA CORP N/A 66,962
VRATSINAS CONSTRUCTION N/A 1,788,958
WACKENHUT CORPORATION N/A 12,970,778
WAIS & ASSOCIATES INC N/A 218,493
WARING OIL COMPANY N/A 28,964
WASTE MANAGEMENT OF N/A 86,836
WELDING SERVICES INC N/A 168,044
WELLFLEET COMMUNICATIONS N/A 58,040
WESTROPE IND COATING N/A 48,881
WITTNER COMPUTER SYSTEMS INC N/A 29,847
WOOD RESOURCES CORP N/A 32,496
WYLE LABORATORIES N/A 326,963
XEROX CORPORATION N/A 418,234
YORK INTL CORP N/A 1,064,386
ZETEC INC N/A 252,614
Subtotal 118,380,258
TOTAL 242,842,742
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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
Group Dental Insurance $63,043
Group Life Insurance 424,394
Group LTD Insurance 133,128
Group Medical Insurance 17,353,185
Pension Plan 408
Savings Plan 6,200,742
Special Services - ESI 470,378
FAS 106 Expenses 1,115,516
-----------
TOTAL $25,760,795
===========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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.
Description Name of Payee Amount Amount
None
-----
TOTAL - 0 -
=====
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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
Director Fees & Expenses $123,181
Trustee Fees 166,247
EPRI Membership 185,063
--------
TOTAL $474,491
========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
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 Rental $4,602,190
Office Equipment 2,140,428
Tool Rental 5,605
Computer Equipment 2,815,006
ESI Billings 1,242,380
Other 2,397,539
-----------
TOTAL $13,203,147
===========
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Taxes Other Than Income - Account 408
(In Thousands)
Instructions:
Provide an analysis of Account 408, "Taxes Other Than Income Taxes."
Separate the analysis into two groups: (1) other than U.S. Government
taxes, and (2) U.S. Government taxes. Specify each of the various kinds
of taxes and show the amounts thereof. Provide a subtotal for each class
of tax.
Kind of Tax Amount
1) OTHER THAN US GOV'T TAXES:
Ad Valorem $199
Franchise 6
State Unemployment 504
Other Payroll (30)
----
SUBTOTAL 679
----
2) TAXES-US GOV'T:
FICA 12,142
Federal Unemployment 206
Environmental 2
Other Payroll Taxes 372
-------
SUBTOTAL 12,722
-------
TOTAL $13,402
=======
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Donations-Account 426.1
(In Thousands)
Instructions:
Provide a listing of the amount included in Account 426.1, "Donations,"
classifying such expenses by its purpose. The aggregate number and
amount of all items of less than $3,000 may be in lieu of details.
Name of Recipient Purpose of Amount
Donation
MS State University Educational Gift $7
Van Winkle Elementary Educational Gift 3
Various Schools & Universities Educational Gift 25
Edison Electric Institute Contribution 29
Port Gibson Main Street Contribution 4
United Way of the Capital Area Charity 87
Junior Achievement Charity 3
Cultural Crossroads Charity 2
Various Other Charities Charity 18
----
TOTAL $179
====
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ending December 31, 1994
Other Deductions - Account 426.5
(In Thousands)
Instructions:
Provide a listing of the amount included in Account 426.5, "Other Deductions,"
classifying such expenses according to their nature.
Description Name of Amount
Payee
Membership Dues & Fees Country Club of Jackson $3
Annadale Country Club 10
Association of Electric Companies 6
SEC Season Football Tickets Veterans Memorial Stadium 3
Contributions Metro Jackson Chamber of Commerce 4
Miscellaneous Various 7
Adjustments (30)
Civic & Political Activities Employee Wages & Expense 6
Penalties Treasurer of the United States 325
West Feliciana Parish 4
---
Total 338
===
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Schedule XVIII - Notes to Statement of Income
Instructions:
The space below is provided for important notes regarding the statement of
income or any account thereof. Furnish particulars as to any significant
increases in services rendered or expenses incurred during the year. Notes
relating to financial statements shown elsewhere in this report may be
indicated here by reference.
See Notes to Financial Statements on pages 14 ( 1 ) through 14( 7 ).
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Organization Chart
See pages 26(1) through 26(6)
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
Methods of Allocation
The allocation of expenses not directly attributable to a particular nuclear
station are based on factors such as generating capacity, number of employees,
number of plant sites, number of vouchers, and man hours worked. These
expenses are allocated using expense work orders which have a fixed
allocation method assigned. New allocation methods are added and existing
methods are modified as needed.
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
Annual Statement of Compensation for Use of Capital Billed
- None -
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Organization Charts
Chart #1 - President & COO Nuclear
President & CEO-Nuclear
Sr Exec Secretary
DIRECT REPORTS:
Dir, Business Services
Dir, Nuclear Fuels
Dir, Total Quality
Exec VP & COO
VP, Nuclear Integration
SR Nuclear Fuels Engineer
Chart #2 - Director of Business Services
Dir, Business Services
Senior Secretary
Direct Reports:
Analyst, Financial Sr.
Analyst, Financial Sr.
Analyst, Financial Sr.
Accountant Sr.
Accountant III
Accountant I
Mgr, Financial Control
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Organization Charts
Chart #3 - Director, Nuclear Fuels
Dir, Nuclear Fuels
Secretary, Sr.
Direct Reports:
Coord, Nuclear Fuels Supply
Engineer, Sr.
Chart # 4 - Director, Total Quality
Dir, Total Quality
Secretary, Sr.
Direct Reports:
Facilitator, Sr. Lead
Facilitator, Sr. Lead
Facilitator, Sr. Lead
Facilitator, Sr. Lead
Facilitator Sr.
Facilitator Sr.
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Organization Charts
Chart #5 - Executive VP & COO
Exec VP & COO
Sr Exec Secretary
Direct Reports:
VP Engineering
VP Operations Support
VP Operations - W-3
VP Operations - ANO
VP Operations - GGNS
VP Operations - River Bend
Chart #6 - VP Nuclear Engineering & Support
VP Nuc Eng & Suppt
Executive Secretary
Direct Reports:
Mgr, Engr Support
Mgr, Engr Programs
Mgr, Nuc Engr Analysis
Dir, Design Engineering
Dir, Design Engineering
Dir, Design Engineering
Dir, Design Engineering
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Organization Charts
Chart #7 - VP Operations Support
VP Operations Support
Executive Secretary
Direct Reports:
Coord, Corp Radwaste Dir, Mat, Purch & Contr
Coord, Corp Chemistry Corp Health Physicist (RTNL)
Mgr, Security Dir, Information Technology
Mgr, Management Services Coord, Nuc Support Sr. Staff
Mgr, Plant Support & Assessment Coord, Technical
Mgr, Nuc Support-Chem, Envir & RP Proj. Mgr, Corp Radwaste
Dir, Info Sys & Tele Spec, Environmental Sr. Lead
Dir, Central Licensing - IN SRO TRG Specialist Sr.
Dir, Central Licensing Specialist III
Dir, Nuc Suppt-Ops, Maint & Tech
Chart # 8 - VP Operations W-3
VP Operations W-3
Executive Secretary
Direct Reports:
Coord, Site Admin Prog
Mgr, Training
Dir, Site Support
Dir, Nuclear Safety
Gen Mgr, Plant Operations
Dir, Plant Mods & Constr
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Organization Charts
Chart # 9 - VP Operations ANO
VP Operations ANO
Senior Secretary
Executive Secretary
Direct Reports:
Business Agent
Mgr, Plt Modifications
Mgr, Training & EP
Dir, Support
Dir, Design Engr
Dir, Quality
Gen Mgr, Plant Operations
Dir, Licensing
Coord, Site Admin Prog
Chart #10 - VP Operations GGNS
VP Operations GGNS
Executive Secretary
Direct Reports:
Dir, Nuc Safety & Reg Affairs
Dir, Plt Proj & Support
Dir, Quality
Gen Mgr, Plant Ops
Mgr, Training (RTNL)
Tech Asst - VP Ops
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1994
Organization Charts
Chart #11 - VP Operations River Bend
VP Operations River Bend
Executive Secretary
Direct Reports:
Dir, Nuclear Safety
Dir, Plt Proj & Support
Gen Mgr, Plant Ops
Mgr, Site Business Svs
Mgr, Training
Coord, Site Admin Prog
Trainee, Ops Mgmt (RTNL)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
Signature Clause
Pursuant to the requirements of the Public Utility Holding Company Act of 1935
and the rules and regulations of the Securities and Exchange Commission issued
thereunder, the undersigned company has duly caused this report to be signed
on its behalf by the undersigned officer thereunto duly authorized.
Entergy Operations, Inc.
(Name of Reporting Company)
By: /s/ Lee W. Randall
(Signature of Signing Officer)
Lee W. Randall
Vice President and Chief Accounting Officer
(Printed Name and Title of Signing Officer)
Date: May 1, 1995
<TABLE> <S> <C>
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<NAME> ENTERGY OPERATIONS, INC.
<MULTIPLIER> 1
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<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> 6,473,510 7,431,263
<TOTAL-INVESTMENTS> 0 0
<TOTAL-CURRENT-ASSETS> 20,724,711 10,274,193
<TOTAL-DEFERRED-DEBITS> 1,368,795 286,509
<OTHER-ASSETS-AND-DEBITS> 0 0
<TOTAL-ASSETS-AND-DEBITS> 28,567,017 17,991,965
<TOTAL-PROPRIETARY-CAPITAL> 1,000,000 1,000,000
<TOTAL-LONG-TERM-DEBT> 2,610,205 1,367,095
<NOTES-PAYABLE> 0 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 12,342,696 7,841,000
<OTHER-CURR-AND-ACCRUED-LIAB> 12,381,370 7,374,420
<TOTAL-DEFERRED-CREDITS> 322,290 265,604
<DEFERRED-INCOME-TAX> (89,545) 143,846
<TOT-LIABIL-AND-PROPRIET-CAP> 28,567,017 17,991,965
<SERVICES-ASSOCIATE-COMPANIES> 763,524,781 496,415,748
<SERVICES-NON-ASSOCIATE-COMP> 0 0
<MISC-INCOME-OR-LOSS> 0 0
<TOTAL-INCOME> 763,524,781 496,415,748
<SALARIES-AND-WAGES> 252,951,770 187,029,996
<EMPLOYEE-PENSION-AND-BENEFIT> 25,760,795 18,884,816
<OTHER-EXPENSES> 484,812,216 290,500,936
<TOTAL-EXPENSES> 763,524,781 496,415,748
<NET-INCOME> 0 0
<TOTAL-EXPENSES-DIRECT-COST> 702,238,022 452,003,854
<TOTAL-EXPENSES-INDIRECT-COST> 61,286,759 44,411,894
<TOT-EXP-DIRECT-AND-INDIRECT> 763,524,781 496,415,748
<PERSONNEL-END-OF-YEAR> 4,267 3,467
</TABLE>
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