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
	1999	2000	2001	2002	2003
Fixed charges, as defined:
Total Interest	$14,680	$15,891	$19,661	$27,950	$17,786
Interest applicable to rentals	1,281	1,008	977	1,043	910
Total fixed charges, as defined	15,961	16,899	20,638	28,993	18,696
Preferred dividends, as defined (a)	1,566	1,643	2,898	2,736	1,686
Combined fixed charges and preferred dividends, as defined	$17,527	$18,542	$23,536	$31,729	$20,382
Earnings as defined:
Net Income	$18,961	$16,518	($2,195)	($230)	$7,859
Add:
Provision for income taxes:
Total	13,030	11,597	(4,396)	(422)	5,875
Fixed charges as above	15,961	16,899	20,638	28,993	18,696
Total earnings, as defined	$47,952	$45,014	$14,047	$28,341	$32,430
Ratio of earnings to fixed charges, as defined	3.00	2.66	0.68	0.98	1.73
Ratio of earnings to combined fixed charges and
preferred dividends, as defined	2.74	2.43	0.60	0.89	1.59

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(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, 2001 were not adequate to cover fixed charges and combined fixed charges and preferred dividends by $6.6 million and $9.5 million, respectively.

(c) 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.