EX-12.D 18 exhibit12dq317.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
 
Nine Months Ended
 
December 31,
 
September 30,
 
2012
2013
2014
2015
2016
 
2017
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
  Total Interest

$14,196


$16,892


$16,820


$17,312


$21,061

 

$16,012

  Interest applicable to rentals
747

635

620

676

422

 
701

 
 
 
 
 
 
 
 
Total fixed charges, as defined
14,943

17,527

17,440

17,988

21,483

 
16,713

 
 
 
 
 
 
 
 
Preferred dividends, as defined (a)
1,569

1,569

1,569

1,569

1,569

 
1,177

 
 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined

$16,512


$19,096


$19,009


$19,557


$23,052

 

$17,890

 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Net Income

$19,878


$12,608


$31,030


$44,925


$48,849

 

$44,389

  Add:
 
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
 
     Total
8,645

2,277

13,450

25,190

28,705

 
25,316

    Fixed charges as above
14,943

17,527

17,440

17,988

21,483

 
16,713

 
 
 
 
 
 
 
 
Total earnings, as defined

$43,466


$32,412


$61,920


$88,103


$99,037

 

$86,418

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
2.91

1.85

3.55

4.90

4.61

 
5.17

 
 
 
 
 
 
 
 
 Ratio of earnings to combined fixed charges and preferred dividends, as defined
2.63

1.70

3.26

4.50

4.30

 
4.83

 
 
 
 
 
 
 
 
_________________
 
 
 
 
 
 
 
(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.