UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
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:
In the Matter of :
:
ENTERGY CORPORATION : CERTIFICATE PURSUANT
ENTERGY POWER, INC. : TO RULE 24
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File No. 70-8871 :
:
(Public Utility Holding Company :
Act of 1935) :
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This is to certify, pursuant to Rule 24 under the Public
Utility Holding Company Act of 1935, as amended, that the
transactions described below, which were transactions proposed by
Entergy Corporation ("Entergy") and Entergy Power, Inc. ("EPI")
in their joint Declaration on Form U-1, as amended, in the above
File ("Declaration"), have been carried out in accordance with
the terms and conditions of, and for the purposes represented by,
said Declaration, and pursuant to the Order of the Securities and
Exchange Commission with respect thereto, dated August 2, 1996
("Order").
Pursuant to the Order, on August 2, 1996, EPI sold a portion
of its undivided ownership interest in Unit No. 2 of the
Independence Steam Electric Generating Station and certain
related assets (the "Uncommitted Capacity") to City Water & Light
Plant of Jonesboro for a total purchase price of $37.8 million.
On August 8, 1996, EPI made a cash payment to Entergy in the
amount of $25 million out of the proceeds from the sale of the
Uncommitted Capacity. After giving effect to this payment, EPI
is permitted under the Order to make additional payments to
Entergy out of the proceeds from the sale of the Uncommitted
Capacity in an aggregate amount not to exceed $12.8 million from
time to time through December 31, 1998. However, EPI currently
intends to apply any remaining proceeds from the sale to its
general corporate purposes.
IN WITNESS WHEREOF, the undersigned companies have caused
this certificate to be executed this 1st day of April, 1997.
ENTERGY CORPORATION
By: /s/ Michael G. Thompson
Michael G. Thompson
Senior Vice President,
General Counsel and Secretary
ENTERGY POWER
By: /s/ Michael G. Thompson
Michael G. Thompson
Vice President and Secretary