EX-12.E 6 exhibit12eq115.htm EXHIBIT 12.E Exhibit 12(e) Q1 15


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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
2011
2012
2013
2014
2015
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
  Total Interest
$
13,170

$
11,114

$
11,344

$
13,675

$
13,310

$
13,375

  Interest applicable to rentals
751

743

670

564

550

545

 
 
 
 
 
 
 
Total fixed charges, as defined
13,921

11,857

12,014

14,239

13,860

13,920

 
 
 
 
 
 
 
Preferred dividends, as defined (a)
1,177

1,569

1,569

1,569

1,569

1,569

 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined
$
15,098

$
13,426

$
13,583

$
15,808

$
15,429

$
15,489

 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
 
 
  Net Income
$
31,114

$
35,976

$
17,065

$
11,683

$
28,707

$
31,467

  Add:
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
     Total
16,601

15,862

7,240

1,619

12,324

14,322

    Fixed charges as above
13,921

11,857

12,014

14,239

13,860

13,920

 
 
 
 
 
 
 
Total earnings, as defined
$
61,636

$
63,695

$
36,319

$
27,541

$
54,891

$
59,709

 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined (b)
4.43

5.37

3.02

1.93

3.96

4.29

 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
 preferred dividends, as defined
4.08

4.74

2.67

1.74

3.56

3.85

 
 
 
 
 
 
 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
 
(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.