UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-13-60
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1999 and Ending December 31, 1999
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. Nathan E. Langston VP, Chief Accounting Officer
(Name) (Title)
P.O. Box 61000, New Orleans, La. 70161
(Address)
Name of Principal Holding Company Whose Subsidiaries are served by
Reporting Company:
Entergy Corporation
<PAGE>
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing
Rule 94 provides that on or before the first day of May in each
calendar year, each mutual service company and each subsidiary service
company as to which the Commission shall have made a favorable finding
pursuant to Rule 88, and every service company whose application for
approval or declaration pursuant to Rule 88 is pending shall file with
the Commission an annual report on Form U-13-60 and in accordance with
the Instructions for that form.
2. Number of Copies
Each annual report shall be filed in duplicate. The company should
prepare and retain at least one extra copy for itself in case
correspondence with reference to the report 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.
2 OF 27 PAGES
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT FOR ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Listing Of Schedules and Analysis of Accounts
Schedule or Page
Description of Schedules and Accounts Account Number Number
<S> <C> <C>
Comparative Balance Sheets Schedule I 4-5
Service Company Property Schedule II 6
Accumulated Provision for Depreciation and Amortization
of Service Company Property Schedule III 7
Investments Schedule IV 8
Accounts Receivable from Associate Companies Schedule V 8
Fuel Stock Expenses Undistributed Schedule VI 9
Stores Expense Undistributed Schedule VII 9
Miscellaneous Current and Accrued Assets Schedule VIII 10
Miscellaneous Deferred Debits Schedule IX 10
Research, Development, or Demonstration Expenditures Schedule X 10
Proprietary Capital Schedule XI 11
Long-Term Debt Schedule XII 12
Current and Accrued Liabilities Schedule XIII 13
Notes to Financial Statements Schedule XIV 13
Comparative Income Statements Schedule XV 14
Analysis of Billing - Associate Companies Account 457 15
Analysis of Billing - Nonassociate Companies Account 458 16
Analysis of Charges for Service - Associate and Schedule XVI 17
Nonassociate Companies
Schedule of Expense Distribution by Department or Schedule XVII 18-19
Service Function
Departmental Analysis of Salaries Various Accounts 20
Outside Services Employed Various Accounts 20
Employee Pensions and Benefits Various Accounts 21
General Advertising Expenses Various Accounts 21
Miscellaneous General Expenses Various Accounts 22
Rents Various Accounts 22
Taxes Other Than Income Taxes Various Accounts 23
Donations Various Accounts 23
Other Deductions Various Accounts 24
Notes to Statement of Income Schedule XVIII 24
Financial Data Schedule Schedule XIX 25
Page
Description of Reports or Statements Number
Organization Chart 26
Methods of Allocation 26
Annual Statement of Compensation for Use of Capital 26
Billed
Signature 27
3 OF 27 PAGES
</TABLE>
<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,
1999 1998
SERVICE COMPANY PROPERTY
<S> <C> <C> <C>
101 Service company property (Schedule II) $12,027,701 $11,964,652
107 Construction work in progress (Schedule II) 117,619 49,316
----------- -----------
Total Property 12,145,320 12,013,968
----------- -----------
108 Less accumulated provision for depreciation and amortization of service
company property (Schedule III) 9,869,531 9,399,162
----------- -----------
Net Service Company Property 2,275,789 2,614,806
----------- -----------
INVESTMENTS
123 Investments in associate companies (Schedule IV) - -
124 Other investments (Schedule IV) - -
----------- -----------
Total Investments - -
----------- -----------
CURRENT AND ACCRUED ASSETS
131 Cash 839 338
135 Working funds 115,717 2,893
136 Temporary cash investments (Schedule IV) - -
141 Notes receivable - -
143 Account receivable 331,818 -
145 Notes receivable from associate companies - 27,000
146 Accounts receivable from associate companies (Schedule V) 18,549,259 40,483,602
152 Fuel stock expenses undistributed (Schedule VI) - -
163 Stores expense undistributed (Schedule VII) - -
165 Prepayments 105,706 -
174 Miscellaneous current and accrued assets (Schedule VIII) 57,434 335,145
----------- -----------
Total Current and Accrued Assets 19,160,773 40,848,978
----------- -----------
DEFERRED DEBITS
184 Clearing accounts - 237,448
186 Miscellaneous deferred debits (Schedule IX) 407,516 620,005
188 Research, development, or demonstration expenditures (Schedule X) - -
190 Accumulated deferred income taxes 1,241,696 1,302,284
----------- -----------
Total Deferred Debits 1,649,212 2,159,737
----------- -----------
TOTAL ASSETS AND OTHER DEBITS $23,085,774 $45,623,521
=========== ===========
4 OF 27 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,
1999 1998
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) - -
----------- -----------
Total Long-term Debt - -
----------- -----------
OTHER NON-CURRENT LIABILITIES
228 Accumulated provision for pensions & benefits and injuries & damages 668,020 294,234
----------- -----------
Total Other Non-current Liabilities 668,020 294,234
----------- -----------
CURRENT AND ACCRUED LIABILITIES
232 Accounts payable 3,263,787 11,197,393
234 Accounts payable to associate companies (Schedule XIII) 16,757,513 32,587,972
236 Taxes accrued 271,128 -
241 Tax collections payable - 3,255
242 Miscellaneous current and accrued liabilities (Schedule XIII) - 26,942
----------- -----------
Total Current and Accrued Liabilities 20,292,428 43,815,562
----------- -----------
DEFERRED CREDITS
253 Other deferred credits 1,111,500 318,473
----------- -----------
Total Deferred Credits 1,111,500 318,473
----------- -----------
283 Accumulated deferred income taxes - other 13,826 195,252
----------- -----------
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $23,085,774 $45,623,521
=========== ===========
5 OF 27 PAGES
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule II - Service Company Property
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 1,356,951 26,570 - (123) 1,383,398
304 Land and Land Rights - - - - -
305 Structures and Improvements - - - - -
306 Leasehold Improvements 3,494,427 - - - 3,494,427
307 Equipment (2) 4,295,371 865 - 4,296,236
308 Office Furniture and Equipment 2,322,187 35,737 - - 2,357,924
309 Automobiles, Other Vehicles
and Related Garage Equipment 5,767 - - - 5,767
310 Aircraft and Airport Equipment 489,949 - - - 489,949
311 Other Service Company Property (3) - - - - -
-----------------------------------------------------
SUBTOTAL 11,964,652 63,172 - (123) 12,027,701
-----------------------------------------------------
107 Construction Work in Progress (4) 49,316 131,475 63,172 - 117,619
-----------------------------------------------------
TOTAL $12,013,968 $194,647 $63,172 ($123) $12,145,320
=====================================================
</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 865 2,698,896
---- ----------
TOTAL $865 $4,296,236
==== ==========
(3) Description other service company property: N/A
(4) Describe construction work in progress:
Purchase of office equipment, software, and leasehold improvements to
corporate offices.
6 OF 27 PAGES
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
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) (1) of Year
<S> <C> <C> <C> <C> <C> <C>
Account
301 Organization $ - $ - $ - $ - $ -
303 Miscellaneous Intangible Plant 1,096,077 155,040 - - 1,251,117
304 Land and Land Rights - - - - -
305 Structures and Improvements - - - - -
306 Leasehold Improvements 2,072,286 265,623 - - 2,337,909
307 Equipment 3,502,917 13,504 - - 3,516,421
308 Office Furniture and Equipment 2,232,166 36,202 - - 2,268,368
309 Automobiles, Other Vehicles
and Related Garage Equipment 5,767 - - - 5,767
310 Aircraft and Airport Equipment 489,949 - - - 489,949
311 Other Service Company Property - - - - -
-------------------------------------------------------------
TOTAL $9,399,162 $470,369 $ - $ - $9,869,531
=============================================================
</TABLE>
(1) Provide an explanation of those changes considered material:
N/A
7 OF 27 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule IV - Investments
<TABLE>
<CAPTION>
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 Close of Year
Year
<S> <C> <C>
Account 123 - Investment in Associate Companies $ - $ -
Account 124 - Other Investments - -
Account 136 - Temporary Cash Investments - -
---------------------
TOTAL $ - $ -
=====================
</TABLE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule V - Accounts Receivable from Associate Companies
Instructions:
Complete the following schedule listing accounts receivable from each
associate company. Where the service company has provided accommodation
or convenience payments for associate companies, a separate listing of
total payments for each associate company by subaccount should be provided.
<TABLE>
<CAPTION>
Balance at Balance at
Description Beginning of Year Close of Year
Account 146 - Accounts Receivable from Associate Companies
<S> <C> <C>
Entergy Arkansas, Inc. $ 2,898,650 $ 415,160
Entergy Louisiana, Inc. 2,850,043 337,178
Entergy Mississippi, Inc. - 1,138
Entergy Gulf States, Inc. 13,031,916 7,458,026
Entergy Services, Inc. (440) (38,969)
Entergy Corporation 74,575 -
Entergy Operations, Inc. - (2,931)
System Energy Resources, Inc. 21,628,858 10,384,623
Entergy Enterprises, Inc. - (4,966)
-------------------------------
TOTAL $ 40,483,602 $ 18,549,259
===============================
Total
Payments
-----------
Analysis of Convenience or Accommodation Payments: $ -
-----------
TOTAL PAYMENTS $ -
===========
8 OF 27 PAGES
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule VI - Fuel Stock Expenses Undistributed
<TABLE>
<CAPTION>
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 performed by the service company.
<S> <C> <C> <C>
Description Labor Expenses Total
Account 152 - Fuel Stock Expenses Undistributed $ - $ - $ -
---------------------------
TOTAL $ - $ - $ -
===========================
Summary:
N/A
</TABLE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule VII - Stores Expense Undistributed
<TABLE>
<CAPTION>
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.
<S> <C> <C> <C>
Description Labor Expenses Total
Account 163 - Stores Expense Undistributed $ - $ - $ -
--------------------------
TOTAL $ - $ - $ -
==========================
9 OF 27 PAGES
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
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
Unbilled Jobbing Orders $ 46,999 $ 48,268
Tax refunds receivable 288,146 -
Other - 9,166
----------------------
TOTAL $335,145 $ 57,434
======================
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
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
Account 186 -
Miscellaneous Deferred Debits
Long Term Incentive Plan $ 174,054 $(143,650)
Federal Income Tax Withheld - 200,045
F.I.C.A. Tax Withheld - 77,375
Other 445,951 273,746
----------------------
TOTAL $ 620,005 $407,516
======================
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
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 $ - $ -
=======================
10 OF 27 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule XI - Proprietary Capital
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Number of Shares Par or Stated Outstanding Close of Period
Account Number Class of Stock Authorized Value Per Share No. of Shares Total Amount
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 -or (loss) Paid Close of Year
Description Year
<S> <C> <C> <C> <C>
Account 216 -
Unappropriated Retained Earnings $- $- $- $-
-------------------------------------------------
TOTAL $- $- $- $-
=================================================
11 OF 27 PAGES
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule XII - Long-Term Debt
<TABLE>
<CAPTION>
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.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Terms of Balance Balance
Obligation at at
Class & Series Date of Interest Amount Beginning Close
Name of Creditor of Obligation Maturity Rate Authorized of Year Additions Deductions(1) of Year
Account 223 - Advances from
Associate Companies: $ - $ - $ - $ - $ -
Account 224 -
Other Long-Term Debt: - - - - -
-----------------------------------------------------
TOTAL $ - $ - $ - $ - $ -
=====================================================
(1) Give an explanation of Deductions:
N/A
12 OF 27 PAGES
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ending December 31, 1999
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 of Close of Year
Year
Account 234 - Accounts Payable to Associate Companies
Money Pool Payable (See Note 3) $ 7,029,040 $ 12,062,068
Entergy Arkansas, Inc. 2,226,421 (648,769)
Entergy Louisiana, Inc. 8,070,306 7,316,157
Entergy Gulf States, Inc. 3,556,591 (2,250,634)
Entergy Services, Inc. 18,320 35,829
Entergy Operations, Inc. - (2,388)
System Energy Resources, Inc. 11,687,294 245,250
--------------------------
TOTAL $32,587,972 $ 16,757,513
==========================
Account 242 -
Miscellaneous Current and Accrued
Liabilities Other - External Director
Stock Plan $ 26,942 $ -
-------------------------
TOTAL $ 26,942 $ -
=========================
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
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 13 ( 2 ) through 13 ( 7 )
13 OF 27 PAGES (1)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule XIV - Notes To Financial Statements
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization
Entergy Operations, Inc. (Entergy Operations) is a nuclear
management service company wholly owned by Entergy Corporation. Entergy
Operations has been authorized to act as an agent 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 oversight by Entergy Arkansas, Inc., Entergy Gulf States,
Inc., Entergy Louisiana, Inc., and System Energy Resources, Inc.
(collectively, the Companies), respectively. The Companies and the Grand
Gulf 1 co-owner retain their ownership interests, 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 the Companies whereby Entergy Corporation guaranteed the financial
ability of Entergy Operations to meet its various financial obligations
to the Companies under the operating agreements, as long as the Companies
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.
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 the reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities, and the reported amounts of revenues and expenses.
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.
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, which
range from 5 to 15 years. 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"
(SFAS 109). This standard requires that deferred income taxes be
recorded for all temporary differences between the financial statement
basis and tax basis of assets, liabilities, and loss carryforwards.
Temporary differences are recorded 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 and a separate income tax return for
Louisiana.
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.
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.
NOTE 2. INCOME TAXES
Deferred income tax assets (liabilities) are comprised of the
following at December 31, 1999 and 1998:
1999 1998
Deferred Tax Assets:
Excess capital loss $ 402,968 $ 402,968
Deferred compensation 414,457 593,421
Depreciation 298,188 305,895
Pension and benefits (OPEB) reserves 126,083 -
---------- ----------
Total $1,241,696 $1,302,284
========== ==========
Deferred Tax Liabilities:
Injuries and damages reserves - (164,536)
Pension and benefits (OPEB) reserves - (16,890)
Operating reserves (13,826) (13,826)
---------- ----------
Total (13,826) (195,252)
========== ==========
Net deferred tax assets / liabilities $1,227,870 $1,107,032
========== ==========
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 1999 and
1998 compared to the current federal statutory income tax rate of 35%.
The primary reason for the difference between the effective and statutory
income tax rates is that Entergy Operations collects revenue adequate to
fund its income tax expense. The income tax expense for 1999 and 1998
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 years ended December 31, 1999 and 1998
consisted of the following:
1999 1998
Current:
Federal $ (30,669) $ 1,392,898
State 6,591 218,097
------------- -------------
Total (24,078) 1,610,995
------------- -------------
Deferred:
Federal (105,042) (1,222,206)
State (15,796) (183,789)
------------- -------------
Total (120,838) (1,405,995)
------------- -------------
Total income tax expense $ (144,916) $ 205,000
============= =============
NOTE 3. LINES OF CREDIT AND RELATED SHORT-TERM BORROWINGS
Entergy Operations has SEC authorization, through November 30, 2001,
to effect short-term borrowings from Entergy Corporation in an aggregate
amount of up to $20 million through a borrowing arrangement with interest
rates based on a prime rate. This borrowing arrangement was not used
during 1999 and 1998.
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
1999 and 1998 were as follows (dollars in thousands):
1999 1998
Average borrowing $ 4,217 $12,827
Maximum borrowing during the year $ 11,913 $18,653
Average effective interest rate during the year 5.3% 5.7%
Average effective interest rate at end of year 5.3% 5.8%
NOTE 4. OPERATING LEASES
Total rent expense for 1999 and 1998 was $3.8 million and $10.0
million, respectively. As of December 31, 1999, Entergy Operations had
non-cancelable operating leases with future minimum rental commitments on
building space as follows (in thousands):
Minimum
lease payments
2000 2,926
2001 2,938
2002 2,941
2003 2,309
2004 2,327
Years Thereafter -
--------
Total $ 13,441
========
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). The Equity Plan grants stock options, equity awards, and
incentive awards to key employees. The costs of equity and incentive
awards are charged to income over the period of the grant or restricted
period, as appropriate. Amounts charged to compensation expense were
$450,000 and $358,000 in 1999 and 1998, respectively.
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 is a
defined contribution plan covering eligible employees of Entergy and its
subsidiaries who have completed certain service requirements. The
Savings Plan provides that the employing Entergy subsidiary may make
matching contributions to the plan in an amount equal to 50% of the
participant's basic contribution, up to 6% of their salary, in shares of
Entergy Corporation common stock. Entergy Operations contributed $5.0
million in 1999 and $4.8 million in 1998 to the Profit Sharing Plan.
Retirement and Other 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 working for Entergy Operations.
Eligible employees of Entergy Operations participate in the Entergy
Corporation retirement plans. Entergy Corporation has two retirement
benefit plans covering substantially all of its domestic employees,
"Entergy Corporation Retirement Plan for Non-Bargaining Employees" and
"Entergy Corporation Retirement Plan for Bargaining Employees". 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 and its subsidiaries 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.
The pension and other postretirement obligations of Grand Gulf 1 and
Entergy Operations headquarters' employees are reflected in the financial
statements of Entergy Operations.
Total 1999 and 1998 pension and other postretirement costs for
Entergy Operations - Grand Gulf 1 and headquarters' employees, including
capitalized amounts, included the following components (in thousands):
Pension Other Postretirement
Benefits
1999 1998 1999 1998
Service cost $2,889 $2,494 $1,084 $ 871
Interest cost 3,734 3,265 740 652
Expected return on assets (4,627) (3,979) (613) (446)
Amortization of transition asset (597) (597) 262 262
Amortization of prior service cost 80 80 - -
Recognized net (gain)/loss - - (10) (79)
--------------------------------
Net pension cost $1,479 $1,263 $1,463 $1,260
================================
<TABLE>
<CAPTION>
Other Postretirement
Pension Benefits
1999 1998 1999 1998
<S> <C> <C> <C> <C>
Change in the Projected Benefit Obligation
(PBO)/Accumulated Postretirement Obligation (APBO)
Balance at beginning of year $ 55,539 $ 46,433 $ 11,068 $ 10,464
Service cost 2,889 2,494 1,084 871
Interest Cost 3,734 3,265 740 652
Actuarial (gain)/loss (7,790) 4,005 (1,329) (573)
Benefits paid (830) (658) (332) (346)
----------------------------------------
Balance at end of year $ 53,542 $ 55,539 $ 11,231 $ 11,068
========================================
Change in Plan Assets
Fair value of assets at beginning of year $ 60,532 $ 52,539 $ 7,156 $ 4,835
Actual return on plan assets 10,152 8,440 548 721
Employer contributions - 211 2,177 1,947
Benefits paid (830) (658) (332) (347)
----------------------------------------
Fair value of assets at end of year $ 69,854 $ 60,532 $ 9,549 $ 7,156
========================================
Funded status $ 16,312 $ 4,993 $(1,682) $(3,912)
Unrecognized transition (asset)/obligation (3,501) (4,097) 3,408 3,670
Unrecognized prior service cost 861 941 - -
Unrecognized net (gain)/loss (20,415) (7,100) (2,581) (1,327)
----------------------------------------
Prepaid/(accrued) pension cost $ (6,743) $(5,263) $ (855) $(1,569)
========================================
</TABLE>
The significant assumptions used in computing the pension and other
postretirement information above were as follows:
1999 1998
Weighted-average discount rate 7.5% 6.75%
Weighted-average rate of increase in future 4.6% 4.6%
compensation levels
Expected long-term rate of return on plan assets 9.0% 9.0%
The pension transition asset is being amortized over the greater of
the remaining service period or 15 years. The other postretirement
benefits transition obligation is being amortized over 20 years.
The assumed health care cost trend rate used in measuring the other
postretirement benefits' APBO was 5.5% for 2000, gradually decreasing
each successive year until it reaches 5.0% in 2005. A one percentage-
point increase in the assumed health care cost trend rate for 1999 would
have increased the APBO by $1,201,000 and increased the sum of the
service cost and interest cost by $264,000. A one percentage-point
decrease in the assumed health care cost trend rate for 1999 would have
decreased the APBO by $994,000 and decreased the sum of the service cost
and interest cost by $214,000.
NOTE 6. TRANSACTIONS WITH AFFILIATES
Entergy Operations has been authorized, pursuant to certain
operating agreements, to act as an agent for the Companies in the
operation, but not ownership, of ANO, River Bend, Waterford 3, and Grand
Gulf 1, respectively. In return, the Companies pay directly or reimburse
Entergy Operations for the costs associated with operating those units.
In 1999 and 1998, Entergy Operations was paid or reimbursed a total of
$468.8 million and $469.5 million, respectively from ANO, River Bend,
Waterford, and Grand Gulf 1 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 $50.7 million in 1999 and $46.9 million in 1998 with
the Companies reimbursing Entergy Operations for their respective
portions.
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule XV - Comparative Income Statements
Account Description Current Year Prior Year
INCOME
<S> <C> <C> <C>
457 Services rendered to associate companies $728,515,991 $666,573,160
458 Services rendered to nonassociate companies - -
------------ ------------
TOTAL INCOME 728,515,991 666,573,160
------------ ------------
EXPENSES - Income Statement
500-557 Power production 422,895,865 415,498,562
560-598 Transmission and distribution expenses 31,425 18,434
901-905 Customer accounts 2,006 (45)
906-917 Customer service and information 12,961 295
920 Salaries and wages 23,507,994 19,460,407
921 Office supplies and expenses 5,219,485 4,472,270
923 Outside services employed 6,632,063 11,071,252
924 Property insurance (2,236,522) (1,772,138)
925 Injuries and damages 3,026,446 3,509,993
926 Employee pensions and benefits 37,300,737 22,162,864
928 Regulatory commission expenses 472,182 514,460
930.1 General advertising expenses 63,923 111,616
930.2 Miscellaneous general expenses 2,548,670 2,758,652
931 Rents 3,810,655 10,019,416
935 Maintenance of general plant 2,193,321 1,606,939
403-404 Depreciation and amortization expense 470,369 685,177
408 Taxes other than income taxes 41,570,376 17,664,435
409 Income taxes (benefits) (24,078) 1,610,995
410-411 Provision for deferred income taxes (120,838) (1,405,995)
421 Miscellaneous nonoperating income (123,023) (154,889)
426.1 Donations 141,498 200,465
426.3 Penalties 148,354 6,170
426.4 Civic, political, and related activities 31,031 10,754
426.5 Other deductions 215,802 41,555
430 Interest on debt to associate companies 620,728 747,598
------------ ------------
TOTAL EXPENSES - Income Statement 548,411,430 508,839,242
------------ ------------
EXPENSES - Balance Sheet
107EXP Construction work in progress 160,674,349 149,315,171
154EXP General inventory (4,906,047) 8,436,156
163EXP Stores expense undistributed (1,200,484) (214,468)
165EXP Prepaid expense 127,322 (3,538,924)
174EXP Miscellaneous current and accrued expense 22,679,874 62,534
184EXP Other expenses 2,729,547 3,673,449
------------ ------------
TOTAL EXPENSES - Balance Sheet 180,104,561 157,733,918
------------ ------------
NET INCOME (LOSS) $ - $ -
============ ============
14 OF 27 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Analysis of Billing - Associate Companies - Account 457
</TABLE>
<TABLE>
<CAPTION>
Direct Indirect Compensation Total
Costs Costs For Use Amount
Name of Associate Company Charged Charged of Capital Billed
457 457-2 457-3
<S> <C> <C> <C> <C>
Arkansas Nuclear One $279,402,927 $3,702,889 $ - $283,105,816
Grand Gulf Nuclear Station (1) 159,182,494 3,127,305 - 162,309,799
River Bend Nuclear Station 131,982,540 3,113,563 - 135,096,103
Waterford 3 Nuclear Station 145,906,155 2,098,118 - 148,004,273
---------------------------------------------------
TOTAL $716,474,116 $12,041,875 $ - $728,515,991
===================================================
(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.
15 OF 27 PAGES
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Analysis of Billing - Nonassociate Companies - Account 458
<TABLE>
<CAPTION>
Instruction:
Provide a brief description of the services rendered to each nonassociate company:
<S> <C> <C> <C> <C> <C> <C>
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
$ - $ - $ - $ - $ - $ -
-----------------------------------------------------------------
TOTAL $ - $ - $ - $ - $ - $ -
=================================================================
16 OF 27 PAGES
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
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>
Associate Company Charges Nonassociate Total Charges for Service
Company Charges
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>
500-557 Power production $420,231,251 $2,664,614 $422,895,865 $420,231,251 $2,664,614 $422,895,865
560-598 Transmission and 31,425 - 31,425 31,425 - 31,425
distribution expenses
901-905 Customer accounts 2,006 - 2,006 2,006 - 2,006
906-917 Customer service and 12,961 - 12,961 12,961 - 12,961
information
920 Salaries & wages 21,077,161 2,430,833 23,507,994 21,077,161 2,430,833 23,507,994
921 Office supplies and 3,633,768 1,585,717 5,219,485 3,633,768 1,585,717 5,219,485
expenses
923 Outside services employed 5,832,811 799,252 6,632,063 5,832,811 799,252 6,632,063
924 Property insurance (2,261,449) 24,927 (2,236,522) (2,261,449) 24,927 (2,236,522)
925 Injuries and damages 2,873,040 153,406 3,026,446 2,873,040 153,406 3,026,446
926 Employee pensions and 36,031,829 1,268,908 37,300,737 36,031,829 1,268,908 37,300,737
benefits
928 Regulatory commission 469,143 3,039 472,182 469,143 3,039 472,182
expenses
930.1 General advertising 63,073 850 63,923 63,073 850 63,923
expenses
930.2 Miscellaneous general 2,242,267 306,403 2,548,670 2,242,267 306,403 2,548,670
expenses
931 Rents 2,790,706 1,019,949 3,810,655 2,790,706 1,019,949 3,810,655
935 Maintenance of general 2,188,310 5,011 2,193,321 2,188,310 5,011 2,193,321
plant
403-404 Depreciation and 470,369 470,369 - 470,369 470,369
amortization expense -
408 Taxes other than income 41,100,121 470,255 41,570,376 41,100,121 470,255 41,570,376
taxes
409 Income taxes (benefits) - (24,078) (24,078) - (24,078) (24,078)
410-411 Provision for deferred - (120,838) (120,838) - (120,838) (120,838)
income taxes
421 Miscellaneous nonoperating (123,023) - (123,023) (123,023) - (123,023)
income
426.1 Donations 36,590 104,908 141,498 36,590 104,908 141,498
426.3 Penalties 148,354 - 148,354 148,354 - 148,354
426.4 Civic, political, and 6,363 24,668 31,031 6,363 24,668 31,031
related activities
426.5 Other deductions 196,539 19,263 215,802 196,539 19,263 215,802
107EXP Construction work in 160,674,349 - 160,674,349 160,674,349 - 160,674,349
progress
154EXP General inventory (4,906,047) - (4,906,047) (4,906,047) - (4,906,047)
163EXP Stores expenses (1,822,372) 621,888 (1,200,484) (1,822,372) 621,888 (1,200,484)
undistributed
165EXP Prepaid expense 127,322 - 127,322 127,322 - 127,322
174EXP Miscellaneous current and 22,679,724 150 22,679,874 22,679,724 150 22,679,874
accrued expense
184EXP Other expenses 2,741,833 (12,286) 2,729,547 2,741,833 (12,286) 2,729,547
-------------------------------------------------------------------------------------------------
TOTAL EXPENSES 716,078,055 11,817,208 727,895,263 716,078,055 11,817,208 727,895,263
Compensation for use of
Equity Capital
430
Interest on debt to
associate companies 396,061 224,667 620,728 396,061 224,667 620,728
--------------------------------------------------------------------------------------------------
TOTAL COST OF SERVICE $716,474,116 $12,041,875 $728,515,991 $716,474,116 $12,041,875 $728,515,991
==================================================================================================
17 OF 28 PAGES
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
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 River Bend Waterford 3
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>
500-557 Power production $422,895,865 $420,231,251 $149,385,511 $ 85,100,810 $90,750,418 $94,994,512
560-598 Transmission and distribution expenses 31,425 31,425 7,985 7,782 7,837 7,821
901-905 Customer accounts 2,006 2,006 502 502 501 501
906-917 Customer service and information 12,961 12,961 2,373 6,511 2,037 2,040
920 Salaries & wages 23,507,994 21,077,161 6,154,525 4,728,530 4,934,965 5,259,141
921 Office supplies and expenses 5,219,485 3,633,768 1,013,840 850,838 890,555 878,535
923 Outside services employed 6,632,063 5,832,811 1,304,807 1,523,128 1,489,901 1,514,975
924 Property insurance (2,236,522) (2,261,449) 14,195 (2,309,056) 14,239 19,173
925 Injuries and damages 3,026,446 2,873,040 1,131,813 741,844 534,644 464,739
926 Employee pensions and benefits 37,300,737 36,031,829 14,924,257 6,105,767 7,608,329 7,393,476
928 Regulatory commission expenses 472,182 469,143 18,892 446,744 3,507 -
930.1 General advertising expenses 63,923 63,073 16,723 18,238 14,068 14,044
930.2 Miscellaneous general expenses 2,548,670 2,242,267 767,935 603,687 368,781 501,864
931 Rents 3,810,655 2,790,706 790,802 613,405 698,026 688,473
935 Maintenance of general plant 2,193,321 2,188,310 442,622 456,553 894,604 394,531
403-404 Depreciation and amortization expense 470,369 - - - - -
408 Taxes other than income taxes 41,570,376 41,100,121 6,022,417 27,101,514 3,877,500 4,098,690
409 Income taxes (benefits) (24,078) - - - - -
410-411 Provision for deferred income taxes (120,838) - - - - -
421 Miscellaneous nonoperating income (123,023) (123,023) (3,052) (99,898) (16,163) (3,910)
426.1 Donations 141,498 36,590 11,283 15,207 4,872 5,228
426.3 Penalties 148,354 148,354 (917) (917) 111,635 38,553
426.4 Civic, political, and related activities 31,031 6,363 6 6,345 6 6
426.5 Other deductions 215,802 196,539 31,996 98,558 34,088 31,897
430 Interest on debt to associate companies 620,728 396,061 99,015 99,015 99,016 99,015
107EXP Construction work in progress 160,674,349 160,674,349 89,104,730 28,320,616 19,086,856 24,162,147
154EXP General inventory (4,906,047) (4,906,047) (4,522,495) (912,858) 286,512 242,794
163EXP Stores expenses undistributed (1,200,484) (1,822,372) (293,368) (180,857) (146,585) (1,201,562)
165EXP Prepaid expense 127,322 127,322 - 127,322 - -
174EXP Miscellaneous current and accrued expense 22,679,874 22,679,724 12,022,286 5,816,728 2,784 4,837,926
184EXP Other expenses 2,729,547 2,741,833 954,243 (103,562) 429,607 1,461,545
----------------------------------------------------------------------------------
TOTAL EXPENSES $728,515,991 $716,474,116 $279,402,926 $159,182,496 $131,982,540 $145,906,154
==================================================================================
18 OF 27 PAGES
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
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 River Bend Waterford 3
Account Description of Items Indirects Nuclear Nuclear Nuclear Nuclear
Number One Station Station Station
<S> <C> <C> <C> <C> <C>
500-557 Power production $2,664,614 $1,255,023 $809,870 $809,813 $(210,092)
920 Salaries & wages 2,430,833 624,612 610,954 597,436 597,831
921 Office supplies and expenses 1,585,717 404,152 394,748 393,305 393,512
923 Outside services employed 799,252 227,728 190,532 190,503 190,489
924 Property insurance 24,927 6,232 6,232 6,232 6,231
925 Injuries and damages 153,406 38,549 38,300 38,275 38,282
926 Employee pensions and benefits 1,268,908 348,532 306,742 304,511 309,123
928 Regulatory commission expenses 3,039 - - 3,039 -
930.1 General advertising expenses 850 213 212 213 212
930.2 Miscellaneous general expenses 306,403 76,726 76,572 76,553 76,552
931 Rents 1,019,949 255,280 255,664 254,506 254,499
935 Maintenance of general plant 5,011 1,253 1,253 1,253 1,252
403-404 Depreciation and amortization 470,369 117,592 117,592 117,592 117,593
expense
408 Taxes other than income taxes 470,255 135,869 111,345 110,367 112,674
409 Income taxes (benefits) (24,078) (5,146) (8,644) (5,144) (5,144)
410-411 Provision for deferred income (120,838) (30,216) (30,207) (30,208) (30,207)
taxes
426.1 Donations 104,908 26,227 26,227 26,227 26,227
426.4 Civic, political, and related 24,668 6,167 6,167 6,167 6,167
activities
426.5 Other deductions 19,263 4,816 4,816 4,816 4,815
430 Interest on debt to associate 224,667 56,167 56,167 56,167 56,166
companies
163EXP Stores expenses undistributed 621,888 156,353 155,181 155,181 155,173
174EXP Miscellaneous current and accrued 150 38 37 38 37
expense
184EXP Other expenses (12,286) (3,276) (2,457) (3,276) (3,277)
----------------------------------------------------------------
TOTAL EXPENSES $12,041,875 $3,702,891 $3,127,303 $3,113,566 $2,098,115
================================================================
19 OF 27 PAGES
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Departmental Analysis of Salaries
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 $99,251,704 $99,251,704 1,086
Directs - River Bend Nuclear Station 62,821,225 62,821,225 692
Directs - Grand Gulf Nuclear Station (1) 64,350,095 64,350,095 717
Directs - Waterford 3 Nuclear Station 62,379,992 62,379,992 669
Indirects - Arkansas Nuclear One 1,801,186 1,801,186 29
Indirects - River Bend Nuclear Station 1,418,699 1,418,699 18
Indirects - Grand Gulf Nuclear Station (1) 1,436,707 1,436,707 18
Indirects - Waterford 3 Nuclear Station 1,451,971 1,451,971 18
------------------------------------------------------------
TOTAL $294,911,579 $294,911,579 3,247
============================================================
</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, 1999
Outside Services Employed
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 20 (2) through 20 (10)
20 OF 27 PAGES (1)
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Outside Services Employed
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.
<TABLE>
<CAPTION>
Relationship
"A" - Associate
"NA" - Non
From Whom Purchased Address Associate Amount
<S> <C> <C>
Outside Services - Consultants
C&E CONSULTING SERVICES NA $27,746
GALLE CONSULTING SERVICES NA 32,255
SCIENCE APPLICATIONS INTL CORP NA 50,684
OTHER CONSULTING SERVICES <$25,000 (10) NA 62,835
------------
Subtotal 173,520
------------
Outside Services - Engineering
ABB COMBUSTION ENGINEERING INC NA $3,645,037
ABB SERVICE CO INC NA 27,769
APTECH ENGINEERING SERVICES INC NA 180,159
ARKWRIGHT MUTUAL INSURANCE CO NA 137,143
BATON ROUGE INTL INC NA 184,951
BCP TECHNICAL SERVICES INC NA 238,153
BECHTEL POWER CORP NA 28,936
BECHTEL SOFTWARE INC NA 38,000
CETROM CONSULTING ENGINEERING NA 117,353
CHELAN INC NA 389,369
COMBUSTION ENGINEERING INC NA 105,790
CORRPRO COMPANIES INC NA 119,657
DATA SYSTEMS SERVICES INC NA 28,845
DIACON CORP NA 37,289
DOMINION ENGINEERING INC NA 62,533
DP ENGINEERING NA 626,937
DUKE ENGINEERING & SERVICES IN NA 1,760,681
EMERALD COAST SERVICES INC NA 349,642
ENERCON SERVICES INC NA 2,779,987
ENERGY SYSTEMS SOLUTIONS INC NA 297,500
EPRI NA 103,013
ERIN ENGINEERING & RESEARCH NA 274,949
FRAMATOME TECHNOLOGIES INC NA 798,623
GENERAL ELECTRIC NA 150,000
GENERAL ELECTRIC INTL INC NA 167,501
GENERAL ELECTRIC NUCLEAR ENER NA 48,220
GULF ENGINEERING CO INC NA 29,207
GULF STATES ENGINEERING CO INC NA 62,912
HOLTEC INTL NA 25,000
IEPSON CONSULTING ENGINEERS NA 442,911
ILD INC NA 133,930
KALSI ENGINEERING INC NA 36,796
KALY NUCLEAR SERVICES NA 169,971
MPR ASSOC INC NA 63,633
NC STATE UNIVERSITY NA 25,000
NCS CORP NA 49,564
NEXUS TECHNICAL SERVICES CORP NA 98,838
NORTH AMERICAN CONTRACT EMP NA 51,608
NTS TECHNICAL SERVICES INC NA 191,414
NUCLEAR ADVISORY GROUP INC NA 137,930
NUCLEAR ENERGY INSTITUTE NA 108,470
NUENERGY INC NA 163,938
NUMERICAL APPLICATIONS INC NA 97,000
OAK RIDGE RISK MANAGEMENT INC NA 61,304
OEM INC NA 67,584
OHIO TRANSFORMER INC NA 110,250
OMEGA TECHNICAL SERVICES INC NA 312,502
ONSITE ENGINEERING & MGMT INC NA 118,032
PARSONS POWER GROUP NA 329,743
RAYTHEON ENGINEERS & CONSTRUCTORS INC NA 2,399,410
RAYTHEON NUCLEAR INC NA 291,516
REACT LTD NA 63,785
RENOVA ENGINEERING PC NA 26,374
SARGENT & LUNDY LLC NA 500,386
SCHEMA CORP NA 40,421
SCIENTECH INC NA 99,085
SOUTER CONSTRUCTION CO INC NA 47,200
SOUTHWEST RESEARCH INSTITUTE NA 27,471
SPEC GROUP HOLDINGS INC NA 446,639
STEVENSON & ASSOC INC NA 84,388
STONE & WEBSTER ENGINEERING CORP NA 55,500
STRUCTURAL INTEGRITY ASSOC NA 52,286
SULZER BINGHAM PUMPS INC NA 29,900
TECMER INC NA 38,719
TETRA ENGINEERING GROUP INC NA 26,276
THERMAL ENGINEERING INTL NA 1,993,810
VECTRA TECHNOLOGIES INC NA 25,286
WESTINGHOUSE ELECTRIC CORP NA 150,286
WYLE LABORATORIES NA 26,116
OTHER ENGINEERING SERVICES <$25,000 (80) NA 592,521
------------
Subtotal 22,602,949
------------
Outside Services - Environmental
ALLIED TECHNOLOGY GROUP NA $3,901,334
GTS DURATEK BEAR CREEK INC NA 2,179,056
CHEM NUCLEAR SYSTEMS LLC NA 1,355,955
NUMANCO LLC NA 914,169
IONICS INC NA 260,118
AMERICAN ECOLOGY RECYCLE CENTER NA 245,374
DIVERSIFIED SCIENTIFIC SERVICE NA 180,544
FRANK W HAKE ASSOC NA 142,347
EASTERN TECHNOLOGIES NA 94,700
LA DEPT OF ENVIRONMENTAL QUALITY NA 66,820
INTERSTATE NUCLEAR SERVICES NA 53,067
CENTRAL INTERSTATE LOW LEVEL NA 50,000
ENVIROCARE OF UTAH INC NA 42,055
TELEDYNE BROWN ENGINEERING NA 31,316
OTHER ENVIRONMENTAL SERVICES <$25,000 (14) NA 49,862
------------
Subtotal 9,566,717
------------
Outside Services - Legal
MCGLINCHEY STAFFORD & LANG NA $42,545
SHAW PITTMAN & POTTS NA 30,846
OTHER LEGAL SERVICES <$25,000 (6) NA 48,628
------------
Subtotal 122,019
------------
Outside Services - Nuclear
AMERICAN EXPRESS NA $39,296
ATLANTIC GROUP INC NA 96,207
CHEM NUCLEAR SYSTEMS LLC NA 344,671
ENTERGY SERVICES INC A 36,013
EPRI NA 30,000
GENERAL ELECTRIC NUCLEAR NA 857,208
GENERAL ELECTRIC NUCLEAR ENER NA 39,000
INSTITUTE OF NUCLEAR POWER OPERATIONS NA 115,102
INTERSTATE NUCLEAR SERVICES NA 60,900
NUCLEAR CONSULTING SERVICE INC NA 36,200
SHERWIN WILLIAMS INC NA 58,507
STONE & WEBSTER CONSTRUCTION NA 19,404,396
STONE & WEBSTER ENGINEERING CORP NA 18,623,899
TRAINA MECHANICAL INC NA 34,244
WACKENHUT CORP NA 492,479
OTHER NUCLEAR SERVICES <$25,000 (27) NA 94,756
------------
Subtotal 40,362,878
------------
Outside Services - Temporary Employees
AAP STAFF SERVICES INC NA $33,599
ASCENT CONSULTING GROUP NA 68,222
DATA PORT INC NA 33,089
ENTERGY SERVICES INC A 128,899
IBM CORP NA 71,984
SOLID SYSTEMS INC NA 396,570
OTHER TEMPORARY EMPLOYEE SERVICES <$25,000 (10) NA 58,091
------------
Subtotal 790,452
------------
Outside Services - Other
ABB AUTOMATION INC NA 67,255
ABB SERVICE CO INC NA 25,194
AIR PRODUCTS AND CHEMICALS INC NA 209,606
ALLIED TECHNOLOGY GROUP NA 30,988
ALTRAN CORP NA 26,529
AMERICAN BOLT TIGHTENING INC NA 32,575
AMERICAN INTERPLEX NA 27,506
AMERON PROTECTIVE COATINGS DIV NA 34,633
ANALYSIS & MEASUREMENT NA 73,027
ANALYTICS INC NA 27,965
ANATEC INTL INC NA 1,439,370
ANNAZACH SOFTWARE INC NA 44,374
AR DEPT OF FINANCE & ADMINISTRATION NA 655,602
AR TECH UNIVERSITY NA 28,730
ARKWRIGHT MUTUAL INSURANCE CO NA 168,633
ARTHUR ANDERSEN & CO NA 441,868
ATLANTIC GROUP INC NA 3,173,807
AURA ENERGY CORP NA 3,103,527
BARNHART CRANE & RIGGING NA 1,159,931
BATON ROUGE INTL INC NA 59,104
BCP TECHNICAL SERVICES INC NA 1,109,831
BECHTEL POWER CORP NA 7,103,111
BECHTEL SOFTWARE INC NA 30,640
BENSINGER DUPONT & ASSOC NA 57,578
BLUEGRASS BIT CO INC NA 43,303
BNFL FUEL SOLUTIONS CORP NA 109,268
BROWNING FERRIS INDUSTRIES INC NA 72,046
BUFORD CONSTRUCTION CO NA 27,138
BURKHALTER RIGGING INC NA 89,773
BUSINESS INTERIORS NA 61,734
BWIP INTL INC NA 25,129
CAIN INDUSTRIAL SERVICES NA 226,266
CALDON INC NA 69,649
CALGON CORP NA 1,350,275
CALVERT CO NA 27,174
CANBERRA INDUSTRIES INC NA 400,975
CASE MATE INC NA 110,425
CATARACT INC NA 141,110
CENTRAL INTERSTATE LOW LEVEL NA 50,000
CHEM NUCLEAR SYSTEM NA 86,838
CHOICEPOINT SERVICES INC NA 252,669
COMMUNICATIONS SPECIALISTS INC NA 58,983
CONCO SERVICES CORP NA 45,329
CONTINENTAL FIELD SYSTEMS INC NA 95,498
CONTROL TECHNOLOGIES INC NA 60,295
COOPER CAMERON VALVES NA 48,184
COOPER ENERGY SERVICES NA 105,670
COOPERHEAT INC NA 123,420
CROSBY VALVE & GAGE CO CORP NA 146,344
DATA PORT INC NA 77,218
DATA SYSTEMS & SOLUTIONS LLC NA 111,338
DATAPLEX CORP NA 38,884
DEFENDER SERVICES INC NA 237,291
DEI INC NA 28,180
DELL FINANCIAL SERVICES NA 56,924
DEPT OF EMERGENCY MGMT EAST NA 35,000
DEPT OF FINANCE & ADMIN NA 138,000
DIALOGIC COMMUNICATIONS CORP NA 29,448
DIGITAL EQUIPMENT CORP NA 124,885
DIVERSIFIED TECHNOLOGIES SVC NA 324,404
DK SYSTEMS NA 26,402
DOUGLAS CARPET INC NA 43,426
DOVER ELEVATOR CO NA 77,419
DRYADES SAVINGS BANK NA 64,058
DUKE POWER CO NA 34,118
DYNALCO CONTROLS NA 46,267
EASTERN TECHNOLOGIES INC NA 158,599
EDISON ELECTRIC INSTITUTE NA 33,552
EH WACHS CO NA 32,780
ELGAR CORP NA 62,337
ENCORE COMPUTER CORP NA 29,290
ENERCON SERVICES INC NA 282,972
ENERTECH NA 401,019
ENGINE SYSTEMS NA 25,251
ENTEK IRD INTL NA 57,277
ENTERGY SERVICES INC A 12,234,578
ENVIRONMENTAL PROTECTION NA 32,512
ENVIROSOLVE LLC NA 33,465
ENVIROSOLVE SOUTHWEST INC NA 46,755
EPRI NA 488,411
EXCEL SERVICES CORP NA 65,106
EXPRESS PERSONNEL SERVICES NA 90,418
EYELINE OPTICAL NA 25,494
FEDERAL EMERGENCY MANAGEMENT NA 352,614
FIELDS FORD INC NA 118,500
FISCAL SERVICES DIVISION NA 149,000
FISHER SCIENTIFIC CO NA 44,383
FLEXCON INC NA 37,263
FLOWSERVE RED CORP NA 81,371
FRAMATOME COGEMA FUELS NA 28,846
FRAMATOME TECHNOLOGIES INC NA 11,228,226
FREEMYER COMPANY INC NA 87,388
FTN ASSOC LTD NA 31,904
FUEL TANK MAINTENANCE NA 32,486
FUELMAN OF NEW ORLEANS NA 40,893
FURMANITE AMERICA INC NA 98,920
GAMMA METRICS INC NA 32,932
GENERAL ELECTRIC NA 3,737,764
GENERAL ELECTRIC CO CORP NA 49,737
GENERAL ELECTRIC INTL INC NA 214,460
GENERAL PHYSICS CORP NA 93,095
GRAY HILSMAN MD PA NA 45,085
GREAT RIVER STONE CO INC NA 139,138
GSE POWER SYSTEMS NA 340,500
GTS DURATEK BEAR CREEK INC NA 46,561
H BROWN MACHINE SHOP INC NA 59,000
HARLEY NA 49,622
HARVEY CONSTRUCTION CO INC NA 26,510
HBS&S NA 67,613
HEAD & ENGQUIST EQUIPMENT LLC NA 40,538
HENDERSON SPECIALITIES INC NA 271,303
HI POINT INC NA 39,880
HI TECH SERVICES INC NA 113,177
HINDS COMMUNITY COLLEGE NA 27,936
HJ MERRIHUE INC NA 244,004
HOLTEC INTL NA 891,739
HONEYWELL INC NA 69,273
HYDRAULIC SPECIALISTS INC NA 34,507
I POWER DISTRIBUTION GROUP NA 423,401
ILD INC NA 101,464
IMATION NA 91,565
INGERSOLL DRESSER PUMP CO INC NA 265,003
INNOVATIVE SOLUTIONS INC NA 73,910
INSULATIONS INC NA 552,582
INTECH INC NA 342,600
INTEGRA SERVICES TECHNOLOGY NA 139,323
IONICS INC NA 614,545
JACOBS MAINTENANCE INC NA 1,481,844
JE MERIT CONSTRUCTORS INC NA 221,497
JOHN H CARTER CO INC NA 64,973
JOHN M DIAZ NA 29,356
JOHNSON CONTROLS INC NA 172,000
JULIUS A PAYNE CO INC NA 49,904
LA DEPT OF ENVIRONMENTAL QUALITY NA 168,895
LA OFFICE OF EMERGENCY NA 43,125
LEROY DANOS MAINTENANCE NA 69,335
LIBERTY TECHNOLOGIES NA 244,519
LOVEJOY CONTROLS CORP NA 30,157
LSU FIREMEN TRAINING PROGRAM NA 48,967
M DIRK ORY MD APMC NA 91,200
M&M SERVICES INC NA 312,154
MAINTENANCE DREDGING INC NA 43,848
MARINE & INDUSTRIAL SUPPLIES NA 91,702
MATLACK INC NA 36,594
MATRIX INC NA 28,029
MEDIC SYSTEMS INC NA 31,438
MONTGOMERY KONE INC NA 132,852
MOODYS INVESTORS SERVICE INC NA 59,800
MOTION INDUSTRIES INC NA 32,645
MPR ASSOC INC NA 29,560
MS EMERGENCY MANAGEMENT AGENCY NA 246,100
MS ENTERPRISE FOR TECHNOLOGY NA 247,428
NEXUS TECHNICAL SERVICES CORP NA 39,945
NICHOLAS ACOUSTICS & SPECIALTY NA 53,965
NORTH AMERICAN CONTRACT EMP NA 42,128
NORTH AMERICAN POWER RESOURCES NA 74,942
NTS TECHNICAL SERVICES INC NA 720,263
NUKEM INC NA 316,402
NUMANCO LLC NA 2,363,156
NWS TECHNOLOGIES NA 140,091
NWT CORP NA 78,893
NWT INC NA 33,663
OCHSNER CLINIC NA 42,128
OLD DOMINION PROJECT TEAM INC NA 254,619
OMEGA TECHNICAL SERVICES INC NA 43,940
OSI SOFTWARE INC NA 37,785
OUR LADY OF THE LAKE REGIONAL NA 112,724
OVERLY MFG CO NA 43,675
PAR SYSTEMS INC NA 206,624
PCI ENERGY SERVICES NA 1,479,193
PDMA CORP NA 62,791
PERFORMANCE CONTRACTING INC NA 182,336
PERFORMANCE IMPROVEMENT INTL NA 27,000
PINE BLUFF SAND & GRAVEL NA 55,376
PLANT MACHINE WORKS INC NA 53,252
PLASTOCOR INC NA 62,867
PN SERVICES LLC NA 55,516
POOLED EQUIPMENT INVENTORY CO NA 64,577
POWER EQUIPMENT MAINTENANCE IN NA 3,055,717
POWER GENERATION TECHNOLOGIES NA 83,456
PRECISION SURVEILLANCE CORP NA 517,272
PROFESSIONAL BUILDING SERVICE NA 280,262
PWC NA 28,500
REALFLEX SYSTEMS INC NA 27,129
REBEL HIGH VELOCITY SEWER NA 71,154
RED STICK ARMATURE WORKS INC NA 49,581
RHODIA INC NA 228,757
RHR INTL CO NA 78,446
RIVER PARISH DISPOSAL INC NA 128,771
RIVER REGION MEDICAL CORP NA 103,196
ROBERT D MARTIN NA 32,155
ROBERT WILEY WELDING NA 101,998
SAFETY KLEEN INC LAPORTE NA 43,010
SARGENT & LUNDY LLC NA 75,606
SAYBOLT INC NA 36,977
SCHULZ ELECTRIC CO NA 29,900
SCIENCE APPLICATIONS INTL CORP NA 50,684
SCOTT CONSTRUCTION EQUIPMENT NA 64,147
SEA BREX MARINE INC NA 593,120
SIEMENS POWER CORP NA 6,941,025
SIEMENS WESTINGHOUSE POWER NA 1,815,189
SORRENTO ELECTRONICS NA 47,204
SOUTH MS ELECTRIC POWER ASSN NA 51,453
SOUTHEASTERN FURNITURE NA 32,361
SOUTHWEST RESEARCH INSTITUTE NA 32,126
SPEC ATS INC NA 905,553
SPEC GROUP HOLDINGS INC NA 501,843
STANDARD & POORS CORP NA 70,700
STANDARD SUPPLY & HARDWARE CO NA 46,294
STAR SERVICE INC OF BATON ROUG NA 162,500
STATE OF LA NA 216,000
STEVENSON & ASSOC INC NA 25,859
STEWART D EBNETER NA 79,860
STRUCTURAL INTEGRITY ASSOC NA 113,384
STUDSVIK OF AMERICA NA 39,597
SYSECA INC NA 144,773
TAYLOR BACKHOE & NURSERY NA 101,036
TEAM INDUSTRIAL SERVICES INC NA 68,848
TENSAS PARISH POLICE JURY NA 66,959
TERRY TRANE SERVICE AGENCY INC NA 48,082
THERMO NUTECH NA 56,194
TMP WORLDWIDE EXECUTIVE SEARCH NA 35,167
TODAYS OFFICE NA 60,503
TODD ELECTRIC INC NA 93,768
TOTAL SAFETY NA 27,830
TRANSWARE ENTERPRISES INC NA 68,995
UNIVERSITY OF MD NA 139,429
US INVESTIGATIONS SERVICES INC NA 48,700
UTILITY SYSTEMS SERVICES INC NA 727,759
VERNER & JAMES INC NA 40,737
WACKENHUT CORP NA 13,928,289
WASTE MANAGEMENT OF MS INC NA 57,906
WASTE MANAGEMENT RSVL DISTRICT NA 86,919
WELDING SERVICES INC NA 585,816
WESDYNE INTL NA 526,500
WESTINGHOUSE ELECTRIC CORP NA 18,893,090
WILLIAM A HARRISON INC NA 156,847
WILLIAMS COMMUNICATIONS SOLUTI NA 58,115
WYLE LABORATORIES NA 254,053
XEROX BUSINESS CORP NA 420,437
ZETEC INC NA 420,662
OTHER SERVICES <$25,000 (615) NA 3,186,322
------------
Subtotal 127,842,811
------------
TOTAL $201,461,346
============
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Employee Pensions and Benefits
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 Medical/Dental Insurance $15,525,684
Pension Plans 8,538,235
FAS 106 OPEBS 5,324,876
Savings Plan 4,723,763
Employee Meetings/Functions/Awards 1,426,920
Post Retirement Plan Payments (1,298,515)
Employee Stock Investment Plan 556,888
Educational Reimbursement 431,368
Group Long Term Disability Insurance 329,003
Group Life Insurance 212,000
Other 4,649,300
-----------
TOTAL $40,419,522
===========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
General Advertising Expenses
Instructions:
Provide a listing of the amount included in "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
Recruiting Entergy Services Inc. $62,130
Others less than $3,000 821
Public Relations Others less than $3,000 972
--------
TOTAL $ 63,923
========
21 OF 27 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Miscellaneous General Expenses
Instructions:
Provide a listing of the amount included in "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
Electric Power Research Institute fees $2,354,382
Institute of Nuclear Power Operations, Inc. fees 2,133,616
Nuclear Energy Institute fees 1,035,947
Industry association dues/ corporate memberships 218,281
Directors fees and expenses 90,029
----------
TOTAL $5,832,255
==========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Rents
Instructions.
Provide a listing of the amount included in "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
Office equipment $ 5,843,366
Telecommunications 1,860,560
Computer Equipment 1,685,300
Building 944,591
Computer Software 67,635
-----------
TOTAL $10,401,452
===========
22 OF 27 PAGES
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Taxes Other Than Income Taxes
Instructions:
Provide an analysis of "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
OTHER THAN U.S. GOVERNMENT TAXES:
Ad Valorem $20,309,843
Franchise 2,905,150
State Unemployment 1,142
Other Payroll Taxes 61,506
-----------
SUBTOTAL 23,277,641
-----------
U.S. GOVERNMENT TAXES:
FICA 18,365,376
Other Payroll Taxes (39,963)
-----------
SUBTOTAL 18,325,413
-----------
TOTAL $41,603,054
===========
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Donations
Instructions:
Provide a listing of the amount included in "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.
<TABLE>
<CAPTION>
Name of Recipient Purpose of Donation Amount
<S> <C> <C>
United Way Charity $ 45,635
Junior Achievement of Mississippi Contribution 13,713
Russellville High School Contribution 7,715
Chamber of Commerce Contribution 4,000
Van Winkle Elementary School Contribution 4,000
Port Gibson Main St Inc Contribution 3,000
Reformed Theological Seminary Contribution 3,000
Others less than $3,000 (103) Contribution 60,435
--------
TOTAL $141,498
========
23 OF 27 PAGES
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Other Deductions
Instructions:
Provide a listing of the amount included in "Other Deductions,"
classifying such expenses according to their nature.
<TABLE>
<CAPTION>
Description Name of Payee Amount
<S> <C> <C>
Associated companies expenses Entergy Services, Inc. $129,408
Business meals, entertainment, and various Various employees (4) 3,451
other employee expenses
Other miscellaneous expenses Adelman & Steiner, PA 76,000
Rapids on the Reservoir 5,258
Nuclear Energy Institute 5,000
Cobbs Seafood and Steak, Inc. 3,035
Various employees and other vendors (7) 9,980
--------
TOTAL $232,132
========
</TABLE>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
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 13 ( 2 ) through 13 ( 7 ).
24 OF 27 PAGES
<PAGE>
<TABLE>
<CAPTION>
ANNUAL REPORT OF ENTERGY OPERATIONS, INC.
For the Year Ended December 31, 1999
Schedule XIX - Financial Data Schedule
Item No. Caption Heading Amount
<S> <C> <C>
1 Net Service Company Property $2,275,789
2 Total Investments -
3 Total Current and Accrued Assets 19,160,773
4 Total Deferred Debits 1,649,212
5 Balancing Amount For Total Assets and Other Debits -
6 Total Assets and Other Debits 23,085,774
7 Total Proprietary Capital 1,000,000
8 Total Long-Term Debt -
9 Notes Payable -
10 Notes Payable to Associated Companies -
11 Balancing Amount For Total Current and Accrued Liabilities 20,960,448
12 Total Deferred Credits 1,111,500
13 Accumulated Deferred Income Taxes 13,826
14 Total Liabilities and Proprietary Capital 23,085,774
15 Services Rendered to Associate Companies 728,515,991
16 Services Rendered to Nonassociate Companies -
17 Miscellaneous Income or Loss -
18 Total Income 728,515,991
19 Salaries and Wages 23,507,994
20 Employee Pensions and Benefits 37,300,737
21 Balancing Amount For Total Expenses 667,707,260
22 Total Expenses 728,515,991
23 Net Income (Loss) -
24 Total Expenses (Direct Costs) 716,474,116
25 Total Expenses (Indirect Costs) 12,041,875
26 Total Expenses (Total) 728,515,991
27 Number of Personnel End of Year 3,247
25 OF 27 PAGES
</TABLE>
<PAGE>
ANNUAL REPORT OF ENTERGY OPERATIONS INC.
For the Year Ended December 31, 1999
Organization Charts
President and Chief Executive Officer
Regulated Nuclear Operations
Non-Regulated Nuclear Operations
Operations Support
Nuclear Fuels Procurement
Operations and Maintenance Technical Support
Materials, Purchasing and Contracts Support
Nuclear Safety and Licensing Support
Information Technology Support
Chemical, Environmental, and Radioactive Waste Support
Total Quality Review and Assessment
Legal Services and Risk Management
Security
Engineering
Design Engineering
Engineering Support
Nuclear Engineering Analysis
Engineering Programs
Business Development
Project Management
Financial Control
Outage Management & Work Control
Finance
Financial Control
Regulatory and Performance Reporting
ANNUAL REPORT OF ENTERGY OPERATIONS INC.
For the Year Ended December 31, 1999
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, 1999
Annual Statement of Compensation for Use of Capital Billed
- None -
26 OF 27 PAGES
<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/ Nathan E. Langston
(Signature of Signing Officer)
Nathan E. Langston
Vice President and Chief Accounting Officer
(Printed Name and Title of Signing Officer)
Date: April 26, 2000
27 OF 27 PAGES
