EX-12 10 a12e.htm
Exhibit 12(e)
             
Entergy New Orleans, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
             
             
  Twelve Months Ended
  December 31, March 31,
   
  2003 2004 2005 2006 2007 2008
             
Fixed charges, as defined:            
Total Interest $17,786 $16,610 $13,555 $19,329 $21,497 $19,517
Interest applicable to rentals 910 644 426 527 407 411
             
Total fixed charges, as defined 18,696 17,254 13,981 19,856 21,904 19,928
             
Preferred dividends, as defined (a) 1,686 1,545 1,172 2,501 1,745 1,858
             
Combined fixed charges and preferred dividends, as defined $20,382 $18,799 $15,153 $22,357 $23,649 $21,786
             
Earnings as defined:            
             
Net Income $7,859 $28,072 $1,250 $5,344 $24,582 29,379
Add:            
Provision for income taxes:            
Total 5,875 16,868 1,790 5,051 13,506 19,560
Fixed charges as above 18,696 17,254 13,981 19,856 21,904 19,928
             
Total earnings, as defined $32,430 $62,194 $17,021 $30,251 $59,992 $68,867
             
Ratio of earnings to fixed charges, as defined (b) 1.73 3.60 1.22 1.52 2.74 3.46
             
Ratio of earnings to combined fixed charges and            
preferred dividends, as defined (b) 1.59 3.31 1.12 1.35 2.54 3.16
             
             
------------------------            
(a) "Preferred dividends," as defined by SEC regulation S-K, are computed by dividing the preferred dividend requirement by one hundred percent (100%) minus the income tax rate.
             
(b) For Entergy New Orleans, earnings for the twelve months ended December 31, 2002 were not adequate to cover combined fixed charges and preferred dividends by $0.7 million and $3.4 million, respectively.