EX-99 32 a99e.htm
            Exhibit 99(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,
   
  1999 2000 2001 2002 2003 2004
             
Fixed charges, as defined:            
  Total Interest $14,680 $15,891 $19,661  $27,950  $17,786 $16,943
  Interest applicable to rentals 1,281 1,008 977  1,043  910 900
             
Total fixed charges, as defined 15,961 16,899 20,638  28,993  18,696 17,843
           
Preferred dividends, as defined (a) 1,566 1,643 2,898  2,736  390 410
           
Combined fixed charges and preferred dividends, as defined $17,527 $18,542 $23,536  $31,729  $19,086 $18,253
           
Earnings as defined:            
           
  Net Income $18,961 $16,518 ($2,195) ($230) $7,859 19,300
  Add:            
    Provision for income taxes:            
    Total 13,030 11,597 (4,396) (422) 5,875 12,601
    Fixed charges as above 15,961 16,899 20,638  28,993  18,696 17,843
           
Total earnings, as defined $47,952 $45,014 $14,047  $28,341  $32,430 $49,744
             
Ratio of earnings to fixed charges, as defined 3.00 2.66 0.68  0.98  1.73 2.79
           
Ratio of earnings to combined fixed charges and            
 preferred dividends, as defined 2.74 2.43 0.60  0.89  1.70 2.73
             
             
------------------------            
(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.