EX-12.(D) 17 a10kex-12d2015.htm EXHIBIT 12.(D) Exhibit


 
 
 
Exhibit 12(d)
 
 
 
 
 
 
 
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,
 
2011
2012
2013
2014
2015
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
  Total Interest
$
13,598

$
14,196

$
16,892

$
16,820

$
17,312

  Interest applicable to rentals
827

747

635

620

676

 
 
 
 
 
 
Total fixed charges, as defined
14,425

14,943

17,527

17,440

17,988

 
 
 
 
 
 
Preferred dividends, as defined (a)
1,569

1,569

1,569

1,569

1,569

 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined
$
15,994

$
16,512

$
19,096

$
19,009

$
19,557

 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
  Net Income
$
37,149

$
19,878

$
12,608

$
31,030

$
44,925

  Add:
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
     Total
16,469

8,645

2,277

13,450

25,190

    Fixed charges as above
14,425

14,943

17,527

17,440

17,988

 
 
 
 
 
 
Total earnings, as defined
$
68,043

$
43,466

$
32,412

$
61,920

$
88,103

 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined (b)
4.72

2.91

1.85

3.55

4.90

 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 preferred dividends, as defined
4.25

2.63

1.70

3.26

4.50

 
 
 
 
 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
(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.