|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: PHYSICIANS HEALTH SERVICES INC, 10-K405/A, 1997-04-30 |
Next: COVENTRY CORP, 10-K/A, 1997-04-30 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-13-60
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1996 and Ending December 31, 1996
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. Louis E. Buck, Jr VP, Chief Accounting Officer P.O. Box 61000,
New Orleans, La. 70161
(Name) (Title) (Address)
Name of Principal Holding Company Whose Subsidiaries are served by
Reporting Company:
Entergy Corporation
_________________________________________________________________________
2 OF 28 PAGES (BLANK)
<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
becomes 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.
3 of 28 Pages
<PAGE>
ANNUAL REPORT FOR ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
Listing Of Schedules and Analysis of Accounts
Schedule or Page
Description of Schedules and Accounts Account Number Number
Comparative Balance Sheets Schedule I 5-6
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 Statements 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 Distribution by 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
Page
Description of Reports or Statements Number
Organization Chart 26
Methods of Allocation 26
Annual Statement of Compensation for Use of Capital Billed 26
4 OF 28 Pages
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
Schedule I - Comparative Balance Sheets
Give balance sheet of the Company as of December 31 of the current and prior
year.
ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31,
1996 1995
SERVICE COMPANY PROPERTY
<S> <C> <C> <C>
101 Service company property (Schedule II) $11,254,383 $11,254,383
107 Construction work in progress (Schedule II) 576,495 344,035
----------- -----------
Total Property 11,830,878 11,598,418
----------- -----------
108 Less accumulated provision for depreciation and
amortization of service company property (Schedule III) 7,025,297 5,861,030
----------- -----------
Net Service Company Property 4,805,581 5,737,388
----------- -----------
INVESTMENTS
123 Investments in associate companies (Schedule IV) - -
124 Other investments (Schedule IV) - -
----------- -----------
Total Investments - -
----------- -----------
CURRENT AND ACCRUED ASSETS
131 Cash - 1,240,628
134 Special deposits - -
135 Working funds 7,138 (14,224)
136 Temporary cash investments (Schedule IV) - -
141 Notes receivable 182,882 -
143 Accounts receivable (590,917) (1,023,550)
144 Accumulated provision for uncollectible accounts - -
146 Accounts receivable from associate companies (Schedule V) 35,283,720 27,453,256
152 Fuel stock expenses undistributed (Schedule VI) - -
154 Materials and supplies - -
163 Stores expense undistributed (Schedule VII) - 106,065
165 Prepayments 4,488 14,441
174 Miscellaneous current and accrued assets (Schedule VIII) 448,665 291,137
----------- -----------
Total Current and Accrued Assets 35,335,976 28,067,753
----------- -----------
DEFERRED DEBITS
181 Unamortized debt expense - -
184 Clearing accounts - -
186 Miscellaneous deferred debits (Schedule IX) 1,870,442 586,162
188 Research, development, or demonstration expenditures - -
(Schedule X)
190 Accumulated deferred income taxes 46,338 707,949
----------- -----------
Total Deferred Debits 1,916,780 1,294,111
----------- -----------
TOTAL ASSETS AND OTHER DEBITS $42,058,337 $35,099,252
=========== ===========
5 OF 28 PAGES
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
Schedule I - Comparative Balance Sheets
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL AS OF DECEMBER 31,
1996 1995
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 - -
----------- -----------
Total Long-term Debt - -
----------- -----------
OTHER NON-CURRENT LIABILITIES
228 Accumulated Provision for Pensions & Benefits 221,391 198,963
----------- -----------
Total Other Non-current Liabilities 221,391 198,963
----------- -----------
CURRENT AND ACCRUED LIABILITIES
231 Notes payable - -
232 Accounts payable 15,940,958 14,477,799
233 Notes payable to associate companies (Schedule XIII) 14,907,757 5,779,521
234 Accounts payable to associate companies (Schedule XIII) 8,934,063 11,313,009
236 Taxes accrued 1,253,685 1,298,350
237 Interest accrued - -
238 Dividends declared - -
241 Tax collections payable (721,197) (574,151)
242 Miscellaneous current and accrued liabilities (Schedule 78,249 1,022,043
XIII)
----------- -----------
Total Current and Accrued Liabilities 40,393,515 33,316,571
----------- -----------
DEFERRED CREDITS
253 Other deferred credits 1,253,652 752,978
255 Accumulated deferred investment tax credits - -
----------- -----------
Total Deferred Credits 1,253,652 752,978
----------- -----------
282 Accumulated Deferred Income Taxes - Other Property (420,679) (201,515)
283 Accumulated Deferred Income Taxes - Other (389,542) 32,255
----------- -----------
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $42,058,337 $35,099,252
=========== ===========
6 OF 28 PAGES
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
Schedule II - Service Company Property
Balance at Retirements Other Balance at
Beginning Additions or Changes Close of
Description of Year Sales (1) Year
<S> <C> <C> <C> <C> <C> <C>
Service Company Property
Account
301 Organization $ - $ - $ - $ - $ -
303 Miscellaneous Intangible 1,271,722 - - - 1,271,722
Plant
304 Land and Land Rights - - - - -
305 Structures and Improvements - - - - -
306 Leasehold Improvements 3,239,633 - - - 3,239,633
307 Equipment (2) 3,956,680 - - - 3,956,680
308 Office Furniture and 2,290,632 - - - 2,290,632
Equipment
309 Automobiles, Other Vehicles
and Related Garage Equipment 5,767 - - - 5,767
310 Aircraft and Airport 489,949 - - - 489,949
Equipment
311 Other Service Company - - - -
Property (3) -
----------- -------- ----- ---- ----------
SUBTOTAL 11,254,383 - - - 11,254,383
----------- -------- ----- ---- ----------
107 Construction Work in 344,035 232,460 - - 576,495
Progress (4)
----------- -------- ----- ---- ----------
TOTAL $11,598,418 $232,460 $ - $ - $11,830,87
=========== ======== ===== ==== ==========
</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 $ - $1,597,340
307.03 Data Processing - 2,359,340
-------- ----------
TOTAL $ - $3,956,680
======== ==========
(3) Description other service company property:
N/A
(4) Describe construction work in progress:
Purchase of office equipment and leasehold improvements to
corporate offices.
7 OF 28 PAGES
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
Schedule III - Accumulated Provision for Depreciation and Amortization
of Service Company Property
Balance at Additions Other Balance
Beginning Charged to Changes Add at Close
Description of Year Account 403 Retirements (Deduct) of Year
(1)
<S> <C> <C> <C> <C> <C> <C>
Account
301 Organization $ - $ - $ - $ - $ -
303 Miscellaneous Intangible 396,610 (147,231) - - 249,379
Plant
304 Land and Land Rights - - - - -
305 Structures and Improvements - - - - -
306 Leasehold Improvements 1,279,129 232,722 - - 1,511,851
307 Equipment 2,011,499 748,753 - 2,790 2,763,042
308 Office Furniture and 1,673,252 327,233 - - 2,000,485
Equipment
309 Automobiles, Other
Vehicles and Related Garage 5,959 - - - 5,959
Equipment
310 Aircraft and Airport 494,581 - - - 494,581
Equipment
311 Other Service Company - - - - -
Property
---------------------------------------------------------
TOTAL $5,861,030 $1,161,477 $ - $2,790 $7,025,297
=========================================================
</TABLE>
(1) Provide an explanation of those changes considered material:
8 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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
Beginning of Close of Year
Description Year
Account 123 - Investment in Associate Companies $ - $ -
Account 124 - Other Investments - -
Account 136 - Temporary Cash Investments - -
--------- ---------
TOTAL $ - $ -
========= =========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 Year
Description Year
Account 146 - Accounts Receivable from Associate Companies
Entergy Arkansas, Inc. $5,733,169 $5,428,556
System Energy Resources, Inc. 17,079,711 15,053,214
Entergy Louisiana, Inc. 956,993 985,364
Entergy Mississippi, Inc. 333 -
Entergy Services, Inc. 69,497 (295,999)
Entergy Corporation 23,887 789,955
Entergy Gulf States, Inc. 3,589,666 13,322,630
----------- -----------
TOTAL $27,453,256 $35,283,720
=========== ===========
Total
Analysis of Convenience or Accomodation Payments: Payments
$ -
--------
TOTAL PAYMENTS $ -
========
9 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 $ - $ - $ -
------- -------- ------
TOTAL $ - $ - $ -
======= ======== ======
Summary:
N/A
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 $ - $ - $ -
------ ------ ------
TOTAL $ - $ - $ -
====== ====== ======
10 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 Close of
of Year Year
Account 174 - Miscellaneous Current and Accrued Assets
174.1 Unbilled Jobbing Orders $285,622 $448,205
174.899 Misc. Current & Accrued Assets-Payroll 5,515 460
-------- --------
TOTAL $291,137 $448,665
======== ========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 Close of
of Year Year
186001 Restricted Share Awards - Executive $40,099 $ -
186008 Strategic Performance Plan 153,975 -
186009 Travel Advance Suspense (10,462) (2,582)
186010 ARM Stores Issue - (87,453)
186011 Telephone & Cell/Page - Operations 41 -
186013 ARM Vouchers 84,948 172,451
186014 ARM Refund Clearing - 1,273
186016 Long Term Incentive Plan - 1,786,753
1861 Miscellaneous Other/Suspense 7,000 -
186907 Deferred Executive Compensation 64,916 -
186908 Deferred Executive Compensation 44,029 -
186909 Deferred Outplacement Costs 45,816 -
186920 Deferred Executive Compensation 341 -
186961 Federal Non-current Recoverable 155,459 -
Income Tax
-------- ----------
TOTAL $586,162 $1,870,442
======== ==========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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.
Balance at Balance at
Description Beginning Close of
of Year Year
Account 188 - Research, Development, or $ - $ -
Demonstration Expenditures
------- --------
TOTAL $ - $ -
======= ========
11 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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>
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 gave rise to the reported amounts.
Description Amount
Account 211 - Miscellaneous Paid-in Capital $995,000
Account 215 - Appropriated Retained Earnings -
--------
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
<S> <C> <C>
Account 216 - Unappropriated Retained Earnings $ - $ - $ - $ -
------------ ------------ ------------ -----------
TOTAL $ - $ - $ - $ -
============ ============ ============ ===========
</TABLE>
12 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
Schedule XII - Long-Term Debt
Instructions:
Advances from associate companies should be reported separately for advances
on notes, and advances on open account. Names of associate companies
from which advances were received shall be shown under the class and series
of obligation column. For Account 224 - Other long-term debt provide the
name of creditor company or organization, terms of the obligation, date of
maturity, interest rate, and the amount authorized and outstanding.
<TABLE>
<CAPTION>
Terms of Obligation Balance at Balance at
Class & Series Date of Interest Amount Beginning Close
Name of Creditor of Obligation Maturity Rate Authorized of Year Additions Deductions(1) of Year
<S> <C> <C> <C> <C> <C>
Account 223 - Advances from
Associate
Companies: $ - $ - $ - $ - $ -
Account 224 - Other Long-Term
Debt:
--------------------------------------------------------
TOTAL $ - $ - $ - $ - $ -
========================================================
(1) Give an explanation of Deductions:
N/A
13 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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>
<TABLE>
<CAPTION>
Balance at Balance at
Description Beginning of Year Close of Year
<S> <C> <C>
Account 233 - Notes Payable to Associate Companies $5,779,521 $14,907,757
---------- -----------
TOTAL $5,779,521 $14,907,757
========== ===========
Account 234 - Accounts Payable to Associate Companies
Entergy Arkansas, Inc. $256,035 $(1,826,844)
System Energy Resources, Inc. 3,999,051
Entergy Louisiana, Inc. 5,286,354 4,697,483
Entergy Services, Inc. 4,203,493 3,260,817
Entergy Corporation 2,493,096 163,148
Money Pool Interest Payable 37,713 66,162
Entergy Gulf States, Inc. (963,682) (1,425,754)
----------- ----------
TOTAL $11,313,009 $8,934,063
=========== ==========
Account 242 - Miscellaneous Current and Accrued Liabilities
242002 Severance Payroll Accruals $1,008,445 $42,647
242003 Audit Expense (10,688) -
242901 Other - External Director Stock Plan 24,286 35,602
---------- -------
TOTAL $1,022,043 $78,249
========== =======
</TABLE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 )
14 OF 28 PAGES (1)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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, has
been authorized to act as an agent for Entergy Arkansas, Inc. (Entergy
Arkansas), formerly Arkansas Power & Light Company, Entergy Gulf
States, Inc. (Entergy Gulf States), formerly Gulf States Utilities
Company, Entergy Louisiana, Inc. (Entergy Louisiana), formerly
Louisiana Power & Light Company, and System Energy Resources, Inc.
(System Energy) in the operations, but not ownership, of Arkansas
Nuclear One Steam Electric Generating Station Units 1 and 2 (ANO),
River Bend Steam Electric Generating Station (River Bend), Waterford
Steam Electric Generating Station Unit No. 3 (Waterford 3), and Grand
Gulf Steam Electric Generating Station Unit 1 (Grand Gulf 1), subject
to Entergy Arkansas', Entergy Gulf States', Entergy Louisiana's, and
System Energy's oversight, respectively. Entergy Arkansas, Entergy
Gulf States, Entergy Louisiana, System Energy and the other Grand Gulf
1 and River Bend co-owners retained their ownership interests in their
respective nuclear generating units. Further, Entergy Arkansas,
Entergy Gulf States, Entergy Louisiana, 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 Corporation entered
into separate guarantee agreements with Entergy Arkansas, Entergy Gulf
States, Entergy Louisiana, and System Energy whereby Entergy
Corporation guaranteed the financial ability of Entergy Operations to
meet its various financial obligations to Entergy Arkansas, Entergy
Gulf States, Entergy Louisiana, and System Energy under the operating
agreements, as long as Entergy Arkansas, Entergy Gulf States, Entergy
Louisiana, 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
Public Utility Holding Company Act of 1935, as administrated by the
Securities and Exchange Commission (SEC), and has adopted a system of
accounts consistent with the system prescribed by the Federal Energy
Regulatory Commission. Certain previously reported amounts have been
reclassified to conform to current classifications with no effect on
net income or shareholder's equity.
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 accounts for income taxes pursuant to
Statement of Financial Accounting Standards No. 109 "Accounting For
Income Taxes" (FAS 109). This standard requires that deferred income
taxes be recorded for all temporary differences between the
financial statement and tax basis of assets and
liabilities, and loss 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.
Entergy Operations joins its parent and the other Entergy
Corporation subsidiaries in filing a consolidated Federal income tax
return. Income taxes (or benefits) are allocated to Entergy
Operations in proportion to its contribution to consolidated taxable
income. SEC regulations require that neither Entergy Corporation nor
its affiliates pay more income taxes than it would have paid had a
separate income tax return been filed. In addition, Entergy
Operations files a consolidated Arkansas and combined Mississippi
income tax return with certain other Entergy Corporation subsidiaries.
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.
Cash and Cash Equivalents
Entergy Operations considers all unrestricted highly liquid debt
instruments purchased with an original maturity of three months or
less to be cash equivalents.
Use of Estimates in the Preparation of Financial Statements
The preparation of Entergy Operations' financial statements in
conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect reported
amounts of assets and liabilities and disclosure of contingent assets
and liabilities as of December 31, 1996 and 1995, and the reported
amounts of revenues and expenses during fiscal years 1996, 1995, and
1994. Adjustments to the reported amounts of assets and liabilities
may be necessary in the future to the extent that future estimates or
actual results are different from the estimates used in the 1996
financial statements.
NOTE 2. LINES OF CREDIT AND RELATED BORROWINGS
Entergy Operations has SEC authorization, through November 30,
2001, to effect short-term borrowings from Entergy Corporation in an
aggregate amount outstanding at any one time of up to $20 million
through a borrowing arrangement with interest rates based on a prime
rate. This borrowing arrangement was not used during 1996, 1995, or
1994.
Entergy Operations participates with certain other Entergy
Corporation subsidiaries in the System Money Pool (Money Pool), an
intra-system borrowing arrangement designed to reduce the dependence
on external short-term borrowings. As authorized by the SEC, the
borrowings by Entergy Operations from the Money Pool, combined with
any external borrowings, may not exceed the amount of the unused
portion of the borrowing arrangement discussed above.
The borrowings from the Money Pool and applicable interest rates
for 1996, 1995, and 1994 were as follows (amounts in thousands):
<TABLE>
<CAPTION>
1996 1995 1994
<S> <C> <C> <C>
Average borrowing $ 10,208 $ 9,521 $ 6,482
Maximum borrowing at month end $ 14,908 $ 11,519 $ 13,325
Average effective interest rate during the year 5.4% 6.0% 4.2%
Average effective interest rate at end of year 5.9% 5.9% 6.1%
</TABLE>
NOTE 3. COMMITMENTS AND CONTINGENCIES
In connection with the Entergy Corporation-Entergy Gulf States
merger (Merger), which was consummated on December 31, 1993, Entergy
Gulf States filed two applications with the Nuclear Regulatory
Commission (NRC) in January 1993 to amend the River Bend operating
license. The applications sought the NRC's consent to the Merger and
to a change in the licensed operator of the facility from Entergy Gulf
States to Entergy Operations. The NRC Staff issued the two license
amendments for River Bend, which were effective immediately upon
consummation of the Merger. On February 14, 1994, Cajun Electric
Power Cooperative, Inc. (Cajun) filed with the United States Court of
Appeals for the District of Columbia Circuit (D.C. Circuit) petitions
for review of the two license amendments for River Bend. In March
1995, the D.C. Circuit ordered that the original NRC order and license
amendments be set aside, and remanded the case to the NRC for further
consideration. Subsequently, the NRC affirmed its original findings
and reissued the two license amendments. Cajun and the Arkansas
Cities and Cooperative filed petitions for review of those NRC orders
with the D.C. Circuit. Pursuant to an agreement setting forth terms
for the resolution of all pending disputes between the parties
approved by the United States District Court for the Middle District
of Louisiana on August 26, 1996, on an unopposed motion of the parties
to the proceedings before the D.C. Circuit, the D.C. Circuit ordered
that the cases be removed from the calendar for oral argument and held
in abeyance pending a further order of the court. The two license
amendments are currently in full force and effect.
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 1996, 1995, and 1994 were
approximately $9.4 million, $14.3 million, and $13.2 million,
respectively, of which approximately $6.1 million, $10.8 million, and
$9.5 million, respectively, related to rent expense associated
directly with Entergy Arkansas, Entergy Gulf States, Entergy
Louisiana, or System Energy leases and approximately $3.3 million,
$3.5 million, and $3.7 million, respectively, related to rent expense
associated with Entergy Operations leases discussed above. As of
December 31, 1996, Entergy Operations had non-cancelable operating
leases with future minimum rental commitments on building space as
follows (in thousands):
Minimum Lease
Payments
1997 $ 3,234
1998 2,617
1999 2,626
2000 2,258
2001 2,274
For years thereafter 6,927
--------
TOTAL $ 19,936
========
NOTE 5. EMPLOYEE BENEFITS
Employee Benefit Plans
Certain key employees of Entergy Operations participate in the
Equity Ownership Plan of Entergy Corporation and Subsidiaries (Equity
Plan) in which they receive shares of common stock based upon
achievement of specified performance goals, the costs of which are
initially deferred and then charged to income over the restricted
period. At December 31, 1996, there were shares with a cost of $1.8
million included in Other Deferred Debits for Entergy Corporation
common stock purchased related to the Equity Plan. In 1996,
approximately $511,000 was charged to compensation expense under the
Equity Plan, representing 18,667 shares.
Employees of Entergy Operations are also eligible to participate
in the Savings Plan of Entergy Corporation and Subsidiaries (Savings
Plan) upon meeting certain eligibility requirements. The Savings Plan
provides that the employing Entergy subsidiary may make matching
contributions to the Savings Plan in an amount equal to 50 percent of
the participant's basic contribution. In 1996, 1995, and 1994,
Entergy Operations contributed $4.5 million, $4.6 million, and $3.9
million, respectively, to the Savings Plan.
Eligible employees of Entergy Operations may participate in the
Employee Stock Ownership Plan of Entergy Corporation and Subsidiaries
(ESOP). The ESOP is a defined contribution plan. Contributions to
the ESOP, and any income thereon, are invested in Entergy Corporation
common stock and are based on the expected utilization of additional
investment tax credits in the applicable Federal income tax return of
Entergy Corporation and its subsidiaries. There were no contributions
to the ESOP in the years ended December 31, 1996, 1995 and 1994.
Postretirement Benefit Plans
Eligible employees of Entergy Operations are provided pension and
certain health care and life insurance benefits upon retirement.
Substantially all employees may become eligible for these benefits if
they reach retirement age while still working for Entergy Operations.
Effective June 1990, System Energy employees became employees of
Entergy Operations. However, the employees still remained under
System Energy's postretirement benefit plans, and no transfers of
related liabilities and assets were made. Also, ANO and Waterford 3
employees who transferred to Entergy Operations in June 1990 remained
under Entergy Arkansas' and Entergy Louisiana's plans, and River Bend
employees who transferred to Entergy Operations in January 1994
remained under Entergy Gulf States' plans with no transfer of related
liabilities and assets.
The Retirement Plans of Entergy Corporation and its various
subsidiaries were amended to transfer assets and related liabilities
to a single Entergy Corporation Retirement Plan for all non-bargaining
employees effective January 1, 1995, and for all bargaining employees
effective December 31, 1996. The pension plans are noncontributory
and provide pension benefits that are based on employees' credited
service and compensation during the final years before retirement.
Entergy Corporation'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. The assets of the plans include common and
preferred stocks, fixed income securities, interest in a money market
fund, and insurance contracts.
NOTE 6. TRANSACTIONS WITH AFFILIATES
Entergy Operations has been authorized, pursuant to certain
operating agreements, to act as an agent for Entergy Arkansas, Entergy
Gulf States, Entergy Louisiana, and System Energy in the operations,
but not ownership, of ANO, River Bend, Waterford 3, and Grand Gulf 1,
respectively. In return, Entergy Arkansas, Entergy Gulf States,
Entergy Louisiana, 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 $35.4 million in 1996, $27.3 million in 1995,
and $27.5 million in 1994 with Entergy Arkansas, Entergy Gulf States,
Entergy Louisiana and System Energy reimbursing Entergy Operations for
their respective portions.
NOTE 7. INCOME TAXES
Deferred income taxes are provided in recognition of
temporary differences between the financial reporting and income tax
basis of assets and liabilities and loss carryforwards. Deferred
income tax assets (liabilities) are comprised of the following at
December 31, 1996, 1995, and 1994 (in thousands):
1996 1995 1994
Deferred Tax Assets:
Excess capital loss carryforward $ 403 $ 403 $ -
Severance reserve 16 385 -
Deferred compensation 573 184 329
Operating reserves 39 98 998
Other 2 8 20
------ ------ -------
Total 1,033 1,078 1,347
Deferred Tax Liabilities:
Depreciation (176) (201) (213)
----- ----- ------
Net Deferred Tax Assets $ 857 $ 877 $1,134
===== ===== ======
The benefit associated with these deferred tax assets has been or
will be utilized in the Entergy Corporation consolidated return. The
ultimate realization of these deferred tax assets for Entergy
Operations is dependent upon the allocation of the tax benefit from
the Entergy Corporation consolidated return.
Entergy Operations' effective income tax rate was 100% in
1996, 1995, and 1994, compared to the current federal statutory income
tax rate of 35%. The income tax expense (benefit) for 1996, 1995,
and 1994 resulted primarily from non-deductible permanent items and
state income taxes. The provision for intercompany expense (benefit)
in lieu of federal income taxes for the year ended December 31, 1996,
1995, and 1994 consisted of the following (in thousands):
1996 1995 1994
Current:
Federal $ 372 $ 64 $ 1,025
State 1,214 (57) 62
-------- ---- --------
Total 1,586 7 1,087
Deferred:
Federal 18 223 (1,056)
State 2 34 (192)
-------- ---- --------
Total 20 257 (1,248)
-------- ---- --------
Total income tax expense (benefit) $ 1,606 $264 $ (161)
======== ==== ========
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
Schedule XV - Comparative Income Statements
Account Description Current Year Prior Year
INCOME
<S> <C> <C> <C>
457 Services rendered to associate companies $598,545,937 $682,065,184
458 Services rendered to nonassociate companies - -
421 Miscellaneous income or loss - -
------------ ------------
TOTAL INCOME 598,545,937 682,065,184
------------ ------------
EXPENSE
920 Salaries and wages 254,868,486 262,548,829
921 Office supplies and expenses 103,664,385 136,560,869
922 Administrative expense transferred - credit - -
923 Outside services employed 180,053,802 214,170,394
924 Property insurance 7,795,963 10,248,530
925 Injuries and damages 1,429,704 1,152,869
926 Employee pensions and benefits 17,364,331 21,260,843
928 Regulatory commission expenses 66,546 78,367
930.1 General advertising expenses - -
930.2 Miscellaneous general expenses 2,567,518 292,740
931 Rents 9,377,017 14,287,159
932 Maintenance of structures and equipment - -
403 Depreciation and amortization expense 1,161,477 1,283,469
408 Taxes other than income taxes 17,692,828 19,263,851
409 Income taxes 1,585,729 6,654
410 Provision for deferred income taxes - -
411 Provision for deferred income taxes - credit 20,650 257,223
411.5 Investment tax credit - -
421 Miscellaneous nonoperating income (160,000) -
426.1 Donations 86,691 69,075
426.4 Civic, political & related activities 1,602 5,617
426.5 Other deductions 50,300 2,927
427 Interest on long-term debt - -
430 Interest on debt to associate companies 560,941 575,768
431 Other interest expense 357,967 -
------------ ------------
TOTAL EXPENSE 598,545,937 682,065,184
------------ ------------
NET INCOME (LOSS) $ - $ -
============ ============
</TABLE>
15 OF 28 PAGES
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 $176,051,068 $23,644,547 $ - $199,695,615
Waterford 3 Nuclear Station 100,789,271 18,532,549 - 119,321,820
Grand Gulf Nuclear Station (1) 105,807,648 21,578,908 - 127,386,556
River Bend Nuclear Station (1) 132,441,583 19,700,363 - 152,141,946
------------ ----------- ----------- ------------
TOTAL $515,089,570 $83,456,367 $ - $598,545,937
============ =========== =========== ============
</TABLE>
(1) 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.
16 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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> <C>
$ - $ - $ - $ - $ - $ -
-----------------------------------------------------------------------------------------
TOTAL $ - $ - $ - $ - $ - $ -
=========================================================================================
</TABLE>
17 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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.
<TABLE>
<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>
920 Salaries and Wages $229,097,537 $25,770,949 $254,868,486 $229,097,537 $25,770,949 $254,868,486
921 Office Supplies
and Expenses 90,548,768 13,115,617 103,664,385 90,548,768 13,115,617 103,664,385
922 Administrative
Expense Transferred
- Credit
923 Outside Services
Employed 158,211,036 21,842,766 180,053,802 158,211,036 21,842,766 180,053,802
924 Property Insurance 7,528,623 267,340 7,795,963 7,528,623 267,340 7,795,963
925 Injuries and Damages 1,154,772 274,932 1,429,704 1,154,772 274,932 1,429,704
926 Employee Pensions
and Benefits 5,586,382 11,777,949 17,364,331 5,586,382 11,777,949 17,364,331
928 Regulatory Commission
Expenses 66,546 66,546 66,546 66,546
930.1 General Advertising
Expenses
930.2 Miscellaneous General
Expenses 1,632,925 934,593 2,567,518 1,632,925 934,593 2,567,518
931 Rents 6,062,957 3,314,060 9,377,017 6,062,957 3,314,060 9,377,017
932 Maintenance of
Structures and Equipment
403 Depreciation and
Amortization Expense 1,161,477 1,161,477 1,161,477 1,161,477
408 Taxes Other Than
Income Taxes 15,370,095 2,322,733 17,692,828 15,370,095 2,322,733 17,692,828
409 Income Taxes 1,585,729 1,585,729 1,585,729 1,585,729
410 Provision for Deferred
Income Taxes
411 Provision for Deferred
Income Taxes - Credit 20,650 20,650 20,650 20,650
411.5 Investment Tax Credit
421 Miscellaneous
Nonoperating Income (160,000) (160,000) (160,000) (160,000)
426.1 Donations 6,175 80,516 86,691 6,175 80,516 86,691
426.4 Civic Political &
Related Activities 1,602 1,602 1,602 1,602
426.5 Other Deductions 50,300 50,300 50,300 50,300
427 Interest on Long-Term Debt
431 Other Interest Expense 357,967 357,967 357,967 357,967
------------------------------------------------------------------------------------------------------
TOTAL EXPENSES 515,089,570 82,895,426 597,984,996 515,089,570 82,895,426 597,984,996
------------------------------------------------------------------------------------------------------
Compensation for use of Equity Capital
430 Interest on Debt to
Associate Companies 560,941 560,941 560,941 560,941
-------------------------------------------------------------------------------------------------------
TOTAL COST OF SERVICE $515,089,570 $83,456,367 $598,545,937 $515,089,570 $83,456,367 $598,545,937
=======================================================================================================
</TABLE>
18 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
Total Arkansas Grand Gulf Waterford 3 River Bend
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 $254,868,486 $229,097,537 $ 80,023,368 $ 51,035,184 $ 48,445,764 $ 49,593,221
921 Office Supplies and Expenses 103,664,385 90,548,768 36,916,382 726,183 23,219,045 29,687,158
922 Administrative Expense Transferred
- Credit
923 Outside Services Employed 180,053,802 158,211,036 47,281,857 41,849,185 22,575,685 46,504,309
924 Property Insurance 7,795,963 7,528,623 623,804 5,484,266 548,654 871,899
925 Injuries and Damages 1,429,704 1,154,772 99,401 82,385 672,896 300,090
926 Employee Pensions and Benefits 17,364,331 5,586,382 3,054,502 3,058,751 622,085 (1,148,956)
928 Regulatory Commission Expenses 66,546
930.1 General Advertising Expenses
930.2 Miscellaneous General Expenses 2,567,518 1,632,925 360,210 (566,408) 566,832 1,272,291
931 Rents 9,377,017 6,062,957 2,254,578 1,104,720 920,908 1,782,751
932 Maintenance of Structures and
Equipment
403 Depreciation and Amortization
Expense 1,161,477
408 Taxes Other Than Income Taxes 17,692,828 15,370,095 5,386,966 3,186,907 3,217,402 3,578,820
409 Income Taxes 1,585,729
410 Provision for Deferred Income Taxes
411 Provision for Deferred Income Taxes
- Credit 20,650
411.5 Investment Tax Credit
421 Miscellaneous Nonoperating Income (160,000) (160,000) (160,000)
426.1 Donations 86,691 6,175 6,175
426.4 Civic, Political & Related
Activities 1,602
426.5 Other Deductions 50,300 50,300 50,000 300
427 Interest on Long-Term Debt
430 Interest on Debt to Associate
Companies 560,941
431 Other Interest Expense 357,967
-----------------------------------------------------------------------------------------
TOTAL EXPENSES $598,545,937 $515,089,570 $176,051,068 $105,807,648 $100,789,271 $132,441,583
=========================================================================================
</TABLE>
19 of 28 Pages
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
Total Arkansas Grand Gulf Waterford 3 River Bend
Account Description of Items Indirects Nuclear Nuclear Nuclear Nuclear
Number (Memo) One Station Station Station
<S> <C> <C> <C> <C> <C> <C>
920 Salaries and Wages $25,770,949 $8,749,237 $5,790,732 $5,478,904 $5,752,076
921 Office Supplies and Expenses 13,115,617 3,607,456 3,526,325 2,785,615 3,196,221
922 Administrative Expense Transferred - Credit
923 Outside Services Employed 21,842,766 5,859,511 5,761,279 4,937,104 5,284,872
924 Property Insurance 267,340 64,488 66,860 64,862 71,130
925 Injuries and Damages 274,932 116,887 73,320 20,556 64,169
926 Employee Pensions and Benefits 11,777,949 2,687,652 3,401,285 2,718,679 2,970,333
928 Regulatory Commission Expenses 66,546 14,111 14,112 14,112 24,211
930.1 General Advertising Expenses
930.2 Miscellaneous General Expenses 934,593 18,508 870,769 18,509 26,807
931 Rents 3,314,060 785,262 780,089 968,530 780,179
932 Maintenance of Structures and Equipment
403 Depreciation and Amortization Expense 1,161,477 273,403 350,896 279,358 257,820
408 Taxes Other Than Income Taxes 2,322,733 733,778 538,295 512,218 538,442
409 Income Taxes 1,585,729 493,222 106,359 493,074 493,074
410 Provision for Deferred Income Taxes
411 Provision for Deferred Income Taxes - Credit 20,650 5,164 5,162 5,162 5,162
411.5 Investment Tax Credit
421 MIscellaneous Nonoperating Income
426.1 Donations 80,516 5,740 63,297 5,739 5,740
426.4 Civic, Political & Related Activities 1,602 401 401 400 400
426.5 Other Deductions
427 Interest on Long-Term Debt
430 Interest on Debt to Associate Companies 560,941 140,236 140,235 140,235 140,235
431 Other Interest Expense 357,967 89,491 89,492 89,492 89,492
------------------------------------------------------------------------
TOTAL EXPENSES $83,456,367 $23,644,547 $21,578,908 $18,532,549 $19,700,363
========================================================================
</TABLE>
20 of 28 Pages
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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
<S> <C> <C> <C>
Directs - Arkansas Nuclear One $80,023,368 $80,023,368 1,215
Directs - River Bend Nuclear Station (1) 49,593,221 49,593,221 799
Directs - Grand Gulf Nuclear Station (1) 51,035,184 51,035,184 804
Directs - Waterford 3 Nuclear Station 48,445,764 48,445,764 761
Indirects - Arkansas Nuclear One 8,749,237 8,749,237 51
Indirects - River Bend Nuclear Station(1) 5,752,076 5,752,076 33
Indirects - Grand Gulf Nuclear Station(1) 5,790,732 5,790,732 33
Indirects - Waterford 3 Nuclear Station 5,478,904 5,478,904 32
------------ ------------ -----
TOTAL $254,868,486 $254,868,486 3,728
============ ============ =====
</TABLE>
(1) 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, 1996
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 (14)
21 OF 28 PAGES (1)
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year ended December 31, 1996
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
"N/A" - Non
From Whom Purchased Address Associate Amount
<S> <C> <C>
Outside Services - Auditing
COOPERS & LYBRAND N/A $139,595
--------
Subtotal 139,595
--------
Outside Services - Engineering
ABB CE NUCLEAR POWER N/A 10,850,229
APTECH ENGINEERING SERVICES N/A 89,220
AURA ENERGY CORP N/A 1,774,301
B&W NUCLEAR SERVICE COMPANY N/A 467,801
BARNHART CRANE & RIGGING N/A 190,000
BARTLETT NUCLEAR INC N/A 39,570
BCP TECHNICAL SERVICES INC N/A 1,777,269
BECHTEL POWER CORPORATION N/A 410,374
BENSINGER DUPONT & ASSOC INC N/A 39,839
BWIP INTERNATIONAL INC N/A 300,197
CHEM NUCLEAR SYSTEMS INC N/A 1,767,750
COMBUSTION ENGINEERING INC N/A 4,499,911
CONAM INSPECTION INC N/A 49,474
COOPER ENERGY SERVICES GROUP N/A 30,186
CRANE VALVES NUCLEAR OPERATION N/A 89,992
CSI BURKHALTER RIGGING N/A 72,893
DUKE ENGINEERING & SERVICES INC N/A 1,515,734
ENERGY SERVICES GROUP N/A 103,407
ERIN ENGINEERING & RESEARCH N/A 74,271
FBT ENGINEERING SERVICES INC N/A 84,497
FRAMATOME TECHNOLOGIES N/A 9,743,758
GENERAL ELECTRIC CO. N/A 1,939,244
GENERAL ELECTRIC NUCLEAR ENERGY N/A 29,506
GEOSCIENCE ENGINEERS N/A 40,845
GULF ENGINEERING CO INC N/A 41,310
HALLIBURTON NUS CORP N/A 251,124
HENNIGAN ENGINEERING CO INC N/A 125,303
INSERVICE ENGINEERING CO N/A 102,100
KEYSTONE ENGINEERING INC N/A 197,791
MDM ENGINEERING CORP N/A 120,145
NAI ENGINEERING SERVICES N/A 63,885
NASH ENGINEERING N/A 27,996
NTS TECHNICAL SERVICES N/A 927,590
OAK RIDGE RISK MANAGEMENT N/A 142,537
OMEGA TECHNICAL SERVICES INC N/A 141,225
OTHER ENGINEERING SERVICES <$25,000 N/A 243,311
PRC ENGINEERING SYSTEMS INC N/A 332,800
RAYTHEON ENGINEERS N/A 3,439,786
RAYTHEON NUCLEAR N/A 1,551,939
SARGENT & LUNDY ENGINEERS N/A 1,178,829
SCIENCE APPLICATIONS INTL CORP N/A 1,166,205
SCIENTIFIC ECOLOGY GROUP INC N/A 6,910,632
SENIOR ENGINEERING CO N/A 1,763,150
SIEMENS POWER CORP. N/A 5,991,845
SIERRA NUCLEAR CORP N/A 56,202
STRUCTURAL INTEGRITY ASSOC INC N/A 81,993
SWEC - GMC N/A 23,362,412
TETRA ENGINEERING GROUP INC N/A 352,331
VECTRA TECHNOLOGIES INC N/A 4,671,856
VECTRA WASTE SERVICES N/A 980,606
VOLT TECHNICAL SERVICES N/A 188,407
WESTINGHOUSE ELECTRIC CORP N/A 5,361,377
ZETEC INC N/A 1,153,437
-----------
Subtotal 96,851,289
-----------
Outside Services - Management Consultants
AMERICAN MANAGEMENTS N/A 39,975
ANDERSON ENGINEERING CONSULTANTS N/A 59,397
ATLANTIC GROUP INC N/A 562,718
CALGON INC N/A 1,973,708
COMMUNICATIONS SPECIALIST INC N/A 65,278
DIVERSIFIED COMPUTER CONSULTANTS N/A 40,992
ENERCON SERVICES, INC N/A 4,549,082
ENERGY SYSTEMS SOLUTIONS INC N/A 80,250
HELGESON SCIENTIFIC SERVICES N/A 55,400
HURST CONSULTING, INC N/A 361,635
IEPSON CONSULTING ENGINEERS N/A 133,736
INDEPENDENT CONSULTANT SERVICE N/A 131,953
INNOVATIVE SOLUTIONS INC N/A 84,115
NILSSON PROFESSIONAL CONSULTANTS N/A 28,456
NUCLEAR CONSULTING SERVICES INC N/A 40,023
OTHER MGT CONSULTING SERVICES <$25,000 N/A 162,561
PAJARITO SCIENTIFIC CORP N/A 373,088
PRISM CONSULTING INC N/A 150,703
SEEK CONSULTING GROUP INC N/A 27,254
SPEC CONSULTANTS INC N/A 224,102
STRATEGIC BUSINESS SOLUTIONS N/A 39,000
ULTIMATE POWER SOLUTIONS INC N/A 28,674
----------
Subtotal 9,212,100
----------
Outside Services - Other
AARP INC OF NEW ORLEANS N/A 48,470
ABB POWER T & D CO INC N/A 110,443
AD WYNNE CO INC N/A 38,011
A E C L TECHNOLOGIES N/A 95,888
A & W INDUSTRIAL PAINTING N/A 631,249
ALACK REFRIGERATION SERVICES N/A 248,084
ALDEN RESEARCH LAB INC N/A 57,000
ALPHAREL INC N/A 671,976
ALTRAN CORP N/A 49,650
AMERICAN ECOLOGY RECYCLE CENTER N/A 303,927
AMERICAN REMEDIATION TECH INC N/A 707,706
AMERICAN TECHNICAL INSTITUTE N/A 118,434
ANALYTICS INC N/A 35,983
ANATECH N/A 25,000
ANCHOR DARLING VALVE N/A 453,004
APOGEE SOFTWARE SYSTEMS INC N/A 28,508
ARKANSAS DEPT OF FINANCE N/A 837,587
ARKANSAS NUCLEAR ONE A 31,200
ARKANSAS TECH UNIVERSITY N/A 72,065
ARKWRIGHT MUTUAL INSURANCE N/A 312,487
ASI SIGN SYSTEMS N/A 35,950
ASSOCIATED OFFICE SYSTEMS OF LA INC N/A 81,149
ATENCO FILING SYSTEMS N/A 59,619
ATWOOD & MORRILL COMPANY INC N/A 346,891
BAILEY CONTROLS CORP N/A 32,605
BALL MECHANICAL SERVICES N/A 41,321
BARRON SERVICES INC N/A 54,860
BECHTEL SOFTWARE INC N/A 159,453
BELCAN TECHSERVICES N/A 99,624
BENTLY NV CORP N/A 447,708
BETZDEARBORN N/A 94,882
BOH BROS CONSTRUCTION CO INC N/A 199,903
BRENT NOBLE CARPENTRY N/A 94,367
BROWNING FERRIS INDUSTRIES N/A 62,077
BUQUET & LEBLANC N/A 5,209,477
CAIN INDUSTRIAL SERVICES N/A 513,717
CANBERRA INDUSTRIAL INC N/A 146,213
CARRIER CORP N/A 78,209
CASE MATE INC N/A 79,450
CATARACT INC N/A 262,116
CENTRAL INTERSTATE N/A 255,000
CHAR SERVICES INC N/A 51,211
CHELAN INC N/A 582,768
COASTAL BALANCING SERVICE N/A 32,935
COMPURAD TECHNOLOGIES N/A 29,000
COMPUTATIONAL SYSTEMS INC N/A 46,726
COMPUTER ASSOCIATES INTL INC N/A 28,665
COMPUTERVISION CORP N/A 60,447
CON ARK BUILDERS N/A 435,526
CONTROL COMPONENTS INC N/A 37,422
CONTROL TECHNOLOGIES INC N/A 316,910
COOLING TOWER TECHNOLOGIES INC N/A 230,919
COOPER CAMERON CORP N/A 360,018
COOPERHEAT INC N/A 74,558
COPELAND & JOHNS INC N/A 204,971
COREY REGAN INC N/A 37,062
COUNTRY CARPETS N/A 29,526
CRAFT CROSSWELL CONTRACT FURNITURE N/A 192,801
CRANCH HARDY & ASSOCIATES N/A 44,112
CRANE TECHNICAL TRAINING N/A 31,716
CROSBY VALVE & GAGE N/A 30,135
CYGNA N/A 27,330
DAY & ZIMMERMANN N/A 186,196
DEFENDER SERVICES INC N/A 348,190
DEI INC N/A 106,832
DEPOSIT GUARANTY NATIONAL BANK N/A 98,977
DIALOGIC COMMUNICATIONS CORP N/A 45,516
DIGITAL EQUIPMENT CORP N/A 237,083
DIVERSIFIED TECHNOLOGY SERVICE N/A 478,549
DIXIE SUPPLY N/A 29,398
DOVER ELEVATOR CO N/A 70,860
DRESSER INDUSTRIES INC N/A 95,446
DRILLCO DEVICES CO N/A 29,476
DUBOS REFINISHERS INC N/A 28,318
DUNNS VALVE TESTERS N/A 109,423
EAST BATON ROUGE PARISH N/A 35,000
EASTERN TECHNOLOGIES INC N/A 173,011
ECOLOCHEM INC N/A 86,445
ELECTRIC POWER RESEARCH INSTITUTE N/A 454,999
ELI INC N/A 39,148
ELITE PERSONNEL SERVICE INC N/A 28,708
EMERALD COAST SERVICES INC N/A 69,622
ENCORE COMPUTER CORP N/A 26,834
ENGINEERED ENVIRONMENTAL EQUIPMENT N/A 25,573
ENGINEERING SERVICE N/A 27,544
ENTERGY SERVICES INC A 25,250,693
ENVIRONMENTAL ENTERPRISES, INC N/A 29,753
ENVIROSOLVE WASTE SERVICES INC N/A 83,791
E W SAYBOLT & CO INC N/A 27,167
EXCEL SERVICE CORP N/A 181,400
EXECUTONE SYSTEMS CO OF LA INC N/A 31,312
EXPRESS SERVICES INC N/A 63,995
FASHIONS INC OF JACKSON N/A 42,428
FEDERAL EMERGENCY MANAGEMENT N/A 451,332
FEDERAL EXPRESS N/A 33,141
FILENET CORP N/A 31,331
FIRST UNION NATIONAL BANK N/A 29,931
FISCAL SERVICES N/A 652,809
FLEXCON INC N/A 48,159
FLUOR DANIEL INC N/A 32,966
FPI INTERNATIONAL N/A 55,932
FRANK W HAKE ASSOCIATES N/A 62,559
FREEZE TECHNOLOGY INTL INC N/A 83,879
FRHAM SAFETY PRODUCTS INC N/A 75,993
FROST-BARBER INCORPORATED N/A 1,175,559
FRU CON TECHNICAL SERVICES INC N/A 33,100
FUEL QUALITY SERVICE INC N/A 68,838
FUEL TANK MAINTENANCE N/A 164,529
FULCRUM TECHNOLOGIES INC N/A 99,540
FURMANITE AMERICA INC N/A 206,858
GALLE, DENNIS P N/A 25,213
GARDEN & PET CENTER N/A 83,338
GCR & ASSOCIATES INC N/A 104,400
GDS ASSOCIATES N/A 290,165
GENERAL PHYSICS CORP N/A 236,940
GENERAL PROJECTION SYSTEMS INC N/A 30,700
GILBERT COMMONWEALTH INC N/A 551,533
GLOBAL DIVERS & CONTRACTORS N/A 205,993
GRAYBAR ELECTRIC CO INC N/A 67,733
GREENBRIAR DIGGING SERVICE N/A 284,880
H & R TECHNICAL ASSOC INC N/A 46,407
HAYWARD TYLER INC N/A 68,497
HEAT EXCHANGE INSTITUTE N/A 73,396
HENDERSON SPECIALTIES INC N/A 334,117
HINDS COMMUNITY COLLEGE N/A 39,407
HI TECH SERVICES, INC N/A 41,615
HJ MERRIHUE INC N/A 49,804
HOLMAN BOILER WORKS INC N/A 33,766
HOLTEC INTERNATIONAL N/A 701,102
HONEYWELL INC N/A 170,101
HUMAN FACTOR INC N/A 56,830
HUTCHISON EQUIPMENT SYSTEM INC N/A 208,804
INDEPENDENT ROOFING SYSTEMS N/A (126,278)
INDUSTRIAL MEDICAL CENTER N/A 157,520
INFORMATION HANDLING SERVICES N/A 69,504
INSTITUTE OF NUCLEAR POWER N/A 81,465
INSULATIONS INC N/A 404,029
INTERGRAPH CORP N/A 85,480
IONICS INC N/A 738,861
ITI MOVATS INC N/A 30,608
JOHN M MONTGOMERY DBA N/A 28,185
JOHNSON BAILEY HENDERSON MCNEE N/A 96,778
JOSEPH M HENDRIE, MD N/A 33,213
JULIUS A PAYNE CO INC N/A 630,591
KALY NUCLEAR SERVICES N/A 31,583
K A R V RADIO N/A 25,000
KIDDS ENTERPRISES, INC N/A 114,516
LA DEPARTMENT OF ENVIRONMENTAL QUALITY N/A 232,766
LA MAINTENANCE SERVICES INC N/A 547,867
LA OFFICE OF EMERGENCY PREPAREDNESS N/A 43,125
LOUISIANA STATE UNIVERSITY N/A 49,710
LAIDLAW ENVIRONMENTAL SERVICES N/A 49,627
LAKESIDE EQUIPMENT CORP N/A 84,812
LEARNING TREE INTERNATIONAL N/A 42,015
LIBERTY TECHNOLOGIES N/A 48,480
LOVEJOY CONTROLS CORP N/A 247,635
MANUFACTURING SCIENCES CORP N/A 319,155
MARTIN, ROBERT D N/A 31,216
MERIDIAN TRUST CO N/A 28,500
MKW POWER SYSTEMS N/A 40,802
MPR ASSOCIATES N/A 181,855
MS EMERGENCY MANAGEMENT AGENCY N/A 195,575
MS ENTERPRISE FOR TECHNOLOGY N/A 164,481
NABHOLZ CONSTRUCTION CORP N/A 26,719
NATIONAL TECHNICAL SYSTEM N/A 124,443
NCS CORPORATION N/A 63,491
NEPTUNE SCIENCES INCORPORATED N/A 33,734
NEWMAN CO N/A 100,000
NORSTAN COMMUNICATIONS INC N/A 62,834
NORTH AMERICAN CONTRACT EMPLOYEES N/A 77,389
NUCLEAR LOGISTICS INC N/A 38,000
NUCLEAR ENERGY INSTITUTE N/A 60,000
NUCLEAR PLACEMENT SERVICES N/A 60,100
NUENERGY INC N/A 34,818
NUMANCO LLC N/A 1,153,385
NWT CORP N/A 47,756
OCONNER, PAUL N/A 31,422
OCHSNER CLINIC N/A 84,245
OEM INC N/A 267,477
ON TARGET TECHNOLOGIES N/A 151,705
ORACLE CORP N/A 29,828
OTHER SERVICES - <$25,000 N/A 3,572,010
OUTDOOR GRAPHICS INC N/A 28,350
PANASONIC INDUSTRIAL CO N/A 44,120
PATTERSON SPECIALIZED WELDING N/A 32,875
PDMA CORP N/A 26,015
PERSONNEL DECISIONS INC N/A 76,757
PICKETT INDUSTRIES N/A 35,829
PN SERVICES, INC N/A 298,018
POWER GENERATION TECHNOLOGIES N/A 39,099
PRODUCTIVITY POINT INTERNATIONAL N/A 69,096
PROFESSIONAL BUILDING SERVICE N/A 486,984
RANKIN MECHANICAL INC N/A 27,258
RAZORBACK DISPOSAL INC N/A 47,392
RED SIMPSON INC N/A 34,850
RED STICK ARMATURE WORKS INC N/A 63,696
RHR INTERNATIONAL CO N/A 268,040
RICHARDSON PAINT CO N/A 942,000
ROCKRIDGE TECHNOLOGIES N/A 200,102
ROLLINS CHEMPAK INC N/A 26,553
RUST SCAFFOLD BUILDERS INC N/A 116,542
S LEVY INC N/A 61,668
S3 TECHNOLOGIES N/A 449,303
SEA BREX MARINE N/A 277,540
SELF LEVELING MACHINES INC N/A 268,333
SENSORY COMPUTING INC N/A 89,100
SILICON GRAPHICS COMPUTER SYSTEMS N/A 64,864
SNYDER CONSTRUCTION CO N/A 28,028
SOUTH MISSISSIPPI EPA N/A 41,137
SOUTHWEST RESEARCH INSTITUTE N/A 462,270
SPECIALTY DIVING INC N/A 84,465
SPH CRANE & HOIST INC N/A 39,639
ST CHARLES PARISH N/A 118,750
ST JOHN THE BAPTIST N/A 101,250
STANDARD SUPPLY & HARDWARE N/A 219,289
STATE OF LA MILITARY BLDG N/A 43,125
STEVENSON & ASSOCIATES N/A 30,813
SULZER BINGHAM PUMPS INC N/A 43,543
SULZER PUMPS LIMITED N/A 28,486
SYGNETRON PROTECTION SYSTEMS N/A 34,600
SYNERGY N/A 33,735
SYSECA INC N/A 753,203
TAYLOR NURSERY N/A 150,255
TEES INDUSTRIAL ENERGY TECHNOLOGY N/A 40,165
TELEMETRICS SYSTEMS INC N/A 29,531
TEMPO INC N/A 30,969
TENERA OPERATING CO N/A 47,216
TENSAS PARISH OEP N/A 91,493
TERRY TRANE SERVICE AGENCY INC N/A 104,666
TMA NORCAL N/A 35,177
TN VALLEY AUTHORITY N/A 1,149,000
TODAY'S OFFICE N/A 317,394
TODD ELECTRIC INC N/A 109,173
TRANE CO N/A 67,601
TULANE UNIVERSITY N/A 67,380
TURBINE CONTROL SERVICE ASSOC N/A 45,246
ULTIMATE MARKETING INC N/A 99,214
UNION PUMP N/A 72,904
UNIVERSITY OF MARYLAND OFFICE N/A 102,734
U S TRUST CO OF NY N/A 40,810
UTILITY SYSTEMS SERVICES INC N/A 280,844
VANCE & ASSOCIATES N/A 28,415
VERTECHS CORP N/A 78,500
VOLIAN ENTERPRISES INC N/A 38,659
WACHS TECHNICAL SERVICES INC N/A 111,835
WACKENHUT CORP N/A 78,953
WASTE MANAGEMENT OF MS N/A 99,463
W D ASSOCIATES INC N/A 147,656
WEATHERPROOF ROOFING N/A 207,212
WELDING SERVICES INC N/A 434,130
WELDING TESTING LAB INC N/A 50,707
WESTERN STAFF SERVICES N/A 194,982
WESTERN WATERPROOFING CO OF AM N/A 288,950
WESTROPE INDUSTRIAL COATING N/A 70,597
WILLIAMS INDUSTRIAL SERVICES N/A 188,501
WMG INC N/A 60,270
WYLE LABORATORIES N/A 299,460
------------
Subtotal 73,850,818
------------
TOTAL $180,053,802
============
21 OF 28 PAGES (1) - (14)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year ended December 31, 1996
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 $245,203
Group Life Insurance 2,651,869
Group LTD Insurance 1,489,577
Group Medical Insurance 4,623,138
Savings Plan 6,331,180
Special Services - Entergy Services Inc. 2,023,364
-----------
TOTAL $17,364,331
===========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 Amount
None $ -
----------------
TOTAL $ -
================
22 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 $50,689
Trustee Fees 217,703
Information Systems Consulting Fees 3,681
Telecommunications Consulting Fees 5,337
Electric Power Research Institute Fees 2,290,108
----------
TOTAL $2,567,518
==========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 $2,239,514
Office Equipment 2,041,391
Tool 529,274
Computer Equipment 1,075,493
Telecommunications 265,533
Entergy Services Inc. Billings 1,280,260
Other 1,945,552
----------
TOTAL $9,377,017
==========
23 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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) 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
OTHER THAN US GOV'T TAXES:
Ad Valorem $128,571
Franchise 18,696
State Unemployment 22,779
Other Payroll Taxes (147,372)
--------
SUBTOTAL 22,674
--------
TAXES-US GOV'T:
FICA 16,486,132
Federal Unemployment 11,539
Other Payroll Taxes 1,172,483
-----------
SUBTOTAL $17,692,828
===========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
Donations - Account 426.1
Instructions:
Provide a listing of the amount included in Account 426.1, "Donations,"
classifying such expenses by its purpose. The aggregate number and amount
of all items of less than $3,000 may be in lieu of details.
Name of Recipient Purpose of Donation Amount
United Way Charity $55,558
Nuclear Energy Institute Contribution 7,358
J & J Specialty Advertising Contribution 5,635
Annandale Inc. Contribution 5,306
Metro Jackson Chamber of Commerce Contribution 4,000
West Feliciana Historical Society Contribution 3,000
Various Associations/Charities Contribution 5,834
-------
TOTAL $86,691
=======
24 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
Other Deductions - Account 426.5
Instructions:
Provide a listing of the amount included in Account 426.5, "Other Deductions,"
classifying such expenses according to their nature.
Description Name of Payee Amount
Civil Penalty - NRC Inspection U.S. Treasury $50,000
SEC Season Football Tickets Veterans Memorial Stadium 300
-------
TOTAL $50,300
=======
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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 ( 2 ) through 14 ( 7 ).
25 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
Organization Chart
See pages 26 (1) through 26 (7)
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1996
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.
For the Year Ended December 31, 1996
Annual Statement of Compensation for Use of Capital Billed
- None -
26 OF 28 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS INC.
For the Year Ended December 31, 1996
Organization Charts
Chart #1 - President & Chief Executive Officer - Entergy
Operations
President & Chief Executive Officer - Entergy Operations
Senior Executive Secretary
Senior Executive Secretary
Direct Reports:
Director, Business Services
Director, Nuclear Fuels
Director, Total Quality
Executive Vice President
General Attorney - Generation
Chart #2 - Director of Business Services
Director, Business Services
Senior Secretary
Direct Reports:
Analyst, Financial Senior
Analyst, Financial Senior
Analyst, Financial II
Analyst, Financial I
Accountant Senior Lead
Accountant Senior
Manager, Financial Control
Student Employee
26 OF 28 PAGES (1)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS INC.
For the Year Ended December 31, 1996
Organization Charts
Chart #3 - Manager, Financial Control
Manager, Financial Control
Direct Reports:
Analyst, Financial Senior
Analyst, Financial III
Analyst, Financial III
Analyst, Financial II
Specialist IV
Student Employee
Chart #4 - Director, Nuclear Fuels
Director, Nuclear Fuels
Senior Secretary
Direct Reports:
Coordinator, Nuclear Fuels Supply
Engineer, Senior
26 OF 28 PAGES (2)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS INC.
For the Year Ended December 31, 1996
Organization Charts
Chart #5 - Director, Total Quality
Director, Total Quality
Senior Secretary
Direct Reports:
Facilitator, Senior Lead
Facilitator, Senior Lead
Facilitator, Senior Lead
Facilitator, Senior Lead
Chart #6 - Executive Vice President - Entergy Operations
Executive Vice President - Entergy Operations
Senior Executive Secretary
Direct Reports:
Vice President Engineering
Vice President Operations Support
Vice President Operations Grand Gulf Nuclear Station
Vice President Operations Waterford 3 Nuclear Station
Vice President Operations Arkansas Nuclear One
Vice President Operations River Bend
General Manager
26 OF 28 PAGES (3)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS INC.
For the Year Ended December 31, 1996
Organization Charts
Chart #7 - Vice President Engineering
Vice President Engineering
Executive Secretary
Direct Reports:
Manager, Engineering Support
Manager, Engineering Programs
Manager, Nuclear Engineering Analysis
Director, Design Engineering
Director, Design Engineering
Director, Design Engineering
Director, Design Engineering
Project Manager, Steam Generation
Chart #8 - General Attorney - Generation
General Attorney, Generation
Senior Secretary
Direct Reports:
Coordinator, Legal & Risk Management
Analyst III
Accountant, Senior
26 OF 28 PAGES (4)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS. INC.
For the Year Ended December 31, 1996
Organization Charts
Chart #9 - Vice President Operations Grand Gulf Nuclear
Station
Vice President Operations Grand Gulf Nuclear Station
Executive Secretary
Direct Reports:
Director, Nuclear Safety & Regulatory Affairs
Director, Plant Project & Support
Director, Quality
General Manager, Plant Operations
Manager, Training
Coordinator, Site Administration Program
Chart #10 - Vice President Operations Support
Vice President Operations Support
Executive Secretary
Direct Reports:
Coordinator, Administrator I
Manager, Security
Director, Nuclear Safety & Licensing
Director, Nuclear Support-Operations, Maintenance &
Technical
Director, Material, Purchasing & Contracts
Manager, Corporate Assessments
26 OF 28 PAGES (5)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS INC.
For the Year Ended December 31, 1996
Organization Charts
Chart #11 - Vice President Operations Waterford 3 Nuclear
Station
Vice President Operations Waterford 3 Nuclear Station
Executive Secretary
Direct Reports:
Coordinator, Site Administration Program
Manager Training
Director, Site Support
General Manager, Plant Operations
Director, Plant Modifications & Construction
Trainee, Operations Management
Chart # 12 - Vice President Operations Arkansas Nuclear One
Vice President Operations Arkansas Nuclear One
Executive Secretary
Direct Reports:
Business Agent
Manager, Plant Modifications
Manager, Training & Environmental Protection
Director, Support
Director, Quality
Director, Quality
Director, Licensing
General Manager, Plant Operations
Coordinator, Site Administration Program
26 OF 28 PAGES (6)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS INC.
For the Year Ended December 31, 1996
Organization Charts
Chart #13 - Vice President Operations River Bend
Vice President Operations River Bend
Executive Secretary
Direct Reports:
Director, Site Support
Director, Nuclear Safety & Regulatory Affairs
Director, Quality
General Manager, Plant Operations
Manager Training
Coordinator, Site Administration Program
Trainee, Operations Management
26 OF 28 PAGES (7)
<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/ Louis E. Buck, Jr.
(Signature of Signing Officer)
Louis E. Buck, Jr. Vice President and
Chief Accounting Officer
(Printed Name and Title of Signing Officer)
Date: April 30, 1997
27 OF 28 PAGES
BLANK
28 OF 28 PAGES
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR2
<CIK> 0000867439
<NAME> ENTERGY OPERATIONS, INC.
<SUBSIDIARY>
<NUMBER> 026
<NAME> ENTERGY OPERATIONS, INC.
<S> <C> <C>
<PERIOD-TYPE> YEAR YEAR
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995
<PERIOD-END> DEC-31-1996 DEC-31-1995
<BOOK-VALUE> PER-BOOK PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 4,805,581 5,737,388
<TOTAL-INVESTMENTS> 0 0
<TOTAL-CURRENT-ASSETS> 35,335,976 28,067,753
<TOTAL-DEFERRED-DEBITS> 1,916,780 1,294,111
<OTHER-ASSETS-AND-DEBITS> 0 0
<TOTAL-ASSETS-AND-DEBITS> 42,058,337 35,099,252
<TOTAL-PROPRIETARY-CAPITAL> 1,000,000 1,000,000
<TOTAL-LONG-TERM-DEBT> 221,391 198,963
<NOTES-PAYABLE> 0 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 14,907,757 5,779,521
<OTHER-CURR-AND-ACCRUED-LIAB> 25,485,758 27,537,050
<TOTAL-DEFERRED-CREDITS> 1,253,652 752,978
<DEFERRED-INCOME-TAX> (810,221) (169,260)
<TOT-LIABIL-AND-PROPRIET-CAP> 42,058,337 35,099,252
<SERVICES-ASSOCIATE-COMPANIES> 598,545,937 682,065,184
<SERVICES-NON-ASSOCIATE-COMP> 0 0
<MISC-INCOME-OR-LOSS> 0 0
<TOTAL-INCOME> 598,545,937 682,065,184
<SALARIES-AND-WAGES> 254,868,486 262,548,829
<EMPLOYEE-PENSION-AND-BENEFIT> 17,364,331 21,260,843
<OTHER-EXPENSES> 326,313,120 398,255,512
<TOTAL-EXPENSES> 598,545,937 682,065,184
<NET-INCOME> 0 0
<TOTAL-EXPENSES-DIRECT-COST> 515,089,570 591,765,750
<TOTAL-EXPENSES-INDIRECT-COST> 82,895,426 89,723,666
<TOT-EXP-DIRECT-AND-INDIRECT> 597,984,996 681,489,416
<PERSONNEL-END-OF-YEAR> 3,728 4,063
</TABLE>
|
|