10-K/A

                                   
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                      FORM 10-K (Amendment No. 1)
(Mark One)
               ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
          THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
          For the Fiscal Year Ended December 31, 1994

                    OR

               TRANSITION REPORT PURSUANT TO SECTION 13
          OR 15(d) OF THE SECURITIES EXCHANGE
          ACT OF 1934 [NO FEE REQUIRED]

          For the transition period from ____________ to ____________

Commission      Registrant, State of Incorporation,    IRS Employer
File Number     Address of Principal Executive         Identification No.
                Offices and Telephone Number           
1-11299         ENTERGY CORPORATION                    13-5550175
                (a Delaware corporation)               
                639 Loyola Avenue                      
                New Orleans, Louisiana 70113           
                Telephone (504) 529-5262               
                                                       
1-10764         ARKANSAS POWER & LIGHT COMPANY         71-0005900
                (an Arkansas corporation)              
                425 West Capitol Avenue, 40th Floor    
                Little Rock, Arkansas 72201            
                Telephone (501) 377-4000               
                                                       
1-2703          GULF STATES UTILITIES COMPANY          74-0662730
                (a Texas corporation)                  
                350 Pine Street                        
                Beaumont, Texas  77701                 
                Telephone (409) 838-6631               
                                                       
1-8474          LOUISIANA POWER & LIGHT COMPANY        72-0245590
                (a Louisiana corporation)              
                639 Loyola Avenue                      
                New Orleans, Louisiana 70113           
                Telephone (504) 529-5262               
                                                       
0-320           MISSISSIPPI POWER & LIGHT COMPANY      64-0205830
                (a Mississippi corporation)            
                308 East Pearl Street                  
                Jackson, Mississippi 39215             
                Telephone (601) 969-2311               
                                                       
0-5807          NEW ORLEANS PUBLIC SERVICE INC.        72-0273040
                (a Louisiana corporation)              
                639 Loyola Avenue                      
                New Orleans, Louisiana 70113           
                Telephone (504) 529-5262               
                                                       
1-9067          SYSTEM ENERGY RESOURCES, INC.          72-0752777
                (an Arkansas corporation)              
                Echelon One                            
                1340 Echelon Parkway                   
                Jackson, Mississippi 39213             
                Telephone (601) 368-5000               
                                                       


Amendment No. 1 to Entergy Corporation, Arkansas Power & Light
Company, Gulf States Utilities Company, Louisiana Power & Light
Company, Mississippi Power & Light Company, New Orleans Public Service
Inc. and System Energy Resources, Inc. Form 10-K for the year ended
December 31, 1994 is made to include financial data schedules which
were inadvertently excluded from the original filing.




                              SIGNATURES


      Pursuant  to  the requirements of Section 13  or  15(d)  of  the
Securities  Exchange Act of 1934, the registrant has duly caused  this
amendment  to  be  signed on its behalf by the undersigned,  thereunto
duly  authorized.  The signature of the undersigned company  shall  be
deemed to relate only to matters having reference to such company  and
any subsidiaries thereof.


                                      ENTERGY CORPORATION
                                      ARKANSAS POWER & LIGHT COMPANY
                                      GULF STATES UTILITIES COMPANY
                                      LOUISIANA POWER & LIGHT COMPANY
                                      MISSISSIPPI POWER & LIGHT COMPANY
                                      NEW ORLEANS PUBLIC SERVICE INC.
                                      SYSTEM ENERGY RESOURCES, INC.


                                      By     /s/ Lee W. Randall
                                      Lee W. Randall, Vice President
                                      and Chief Accounting Officer

                                      Date: APRIL 21, 1995

EX-27

 

<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from Entergy's
financial statements for the year ended December 31, 1994 and is qualified in
its entirety by reference to such financial statements.

<CIK> 0000065984
<NAME> ENTERGY CORPORATION 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                   15,917,018
<OTHER-PROPERTY-AND-INVEST>                    448,140
<TOTAL-CURRENT-ASSETS>                       2,212,432
<TOTAL-DEFERRED-CHARGES>                     4,035,901
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                              22,613,491
<COMMON>                                         2,300
<CAPITAL-SURPLUS-PAID-IN>                    4,202,134 
<RETAINED-EARNINGS>                          2,223,739
<TOTAL-COMMON-STOCKHOLDERS-EQ>               6,350,795
<PREFERRED-MANDATORY>                          299,946
<PREFERRED>                                    550,955
<LONG-TERM-DEBT-NET>                         7,093,473
<SHORT-TERM-NOTES>                             171,867
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                  349,085
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                    273,947
<LEASES-CURRENT>                               151,904
<OTHER-ITEMS-CAPITAL-AND-LIAB>               7,294,141
<TOT-CAPITALIZATION-AND-LIAB>               22,613,491
<GROSS-OPERATING-REVENUE>                    5,963,290
<INCOME-TAX-EXPENSE>                           131,965
<OTHER-OPERATING-EXPENSES>                   4,762,584
<TOTAL-OPERATING-EXPENSES>                   4,894,549
<OPERATING-INCOME-LOSS>                      1,068,741
<OTHER-INCOME-NET>                              32,775
<INCOME-BEFORE-INTEREST-EXPEN>               1,101,516
<TOTAL-INTEREST-EXPENSE>                       759,675
<NET-INCOME>                                   341,841
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                  341,841
<COMMON-STOCK-DIVIDENDS>                       410,223
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                       1,537,767
<EPS-PRIMARY>                                     1.49
<EPS-DILUTED>                                        0
        


 

EX-27

 

<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from AP&L's
financial statements for the year ended December 31, 1994 and is qualified in
its entirety by reference to such financial statements.

<CIK> 0000007323
<NAME> ARKANSAS POWER & LIGHT COMPANY
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    2,870,345
<OTHER-PROPERTY-AND-INVEST>                    142,979
<TOTAL-CURRENT-ASSETS>                         518,445
<TOTAL-DEFERRED-CHARGES>                       760,446
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               4,292,215
<COMMON>                                           470
<CAPITAL-SURPLUS-PAID-IN>                      590,844 
<RETAINED-EARNINGS>                            491,799
<TOTAL-COMMON-STOCKHOLDERS-EQ>               1,083,113
<PREFERRED-MANDATORY>                           58,527
<PREFERRED>                                    176,350
<LONG-TERM-DEBT-NET>                         1,293,879
<SHORT-TERM-NOTES>                              34,667
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   28,175
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                     94,534
<LEASES-CURRENT>                                56,154
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,466,816
<TOT-CAPITALIZATION-AND-LIAB>                4,292,215
<GROSS-OPERATING-REVENUE>                    1,590,742
<INCOME-TAX-EXPENSE>                             9,938
<OTHER-OPERATING-EXPENSES>                   1,364,171
<TOTAL-OPERATING-EXPENSES>                   1,374,109
<OPERATING-INCOME-LOSS>                        216,633
<OTHER-INCOME-NET>                              32,768
<INCOME-BEFORE-INTEREST-EXPEN>                 249,401
<TOTAL-INTEREST-EXPENSE>                       107,138
<NET-INCOME>                                   142,263
<PREFERRED-STOCK-DIVIDENDS>                     19,275
<EARNINGS-AVAILABLE-FOR-COMM>                  122,988
<COMMON-STOCK-DIVIDENDS>                        80,000
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                         355,577
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
        


 

EX-27

 

<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from GSU's
financial statements for the year ended December 31, 1994 and is qualified in
its entirety by reference to such financial statements.

<CIK> 0000044570
<NAME> GULF STATES UTILITIES COMPANY
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    4,718,844
<OTHER-PROPERTY-AND-INVEST>                     50,624
<TOTAL-CURRENT-ASSETS>                         631,138
<TOTAL-DEFERRED-CHARGES>                     1,442,855
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               6,843,461
<COMMON>                                       114,055
<CAPITAL-SURPLUS-PAID-IN>                    1,152,336
<RETAINED-EARNINGS>                            264,626
<TOTAL-COMMON-STOCKHOLDERS-EQ>               1,531,017
<PREFERRED-MANDATORY>                           94,934
<PREFERRED>                                    136,444
<LONG-TERM-DEBT-NET>                         2,318,417
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   50,425
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                    125,691
<LEASES-CURRENT>                                37,265
<OTHER-ITEMS-CAPITAL-AND-LIAB>               2,399,268
<TOT-CAPITALIZATION-AND-LIAB>                6,843,461
<GROSS-OPERATING-REVENUE>                    1,797,365
<INCOME-TAX-EXPENSE>                           (6,448)
<OTHER-OPERATING-EXPENSES>                   1,590,162
<TOTAL-OPERATING-EXPENSES>                   1,583,714
<OPERATING-INCOME-LOSS>                        213,651
<OTHER-INCOME-NET>                            (93,347)
<INCOME-BEFORE-INTEREST-EXPEN>                 120,304
<TOTAL-INTEREST-EXPENSE>                       203,059
<NET-INCOME>                                  (82,755)
<PREFERRED-STOCK-DIVIDENDS>                     29,919
<EARNINGS-AVAILABLE-FOR-COMM>                (112,674)
<COMMON-STOCK-DIVIDENDS>                       289,100
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                         326,359
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
        

 

EX-27

 

<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from LP&L's
financial statements for the year ended December 31, 1994 and is qualified in
its entirety by reference to such financial statements.

<CIK> 0000060527
<NAME> LOUISIANA POWER & LIGHT COMPANY
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    3,552,533
<OTHER-PROPERTY-AND-INVEST>                     62,444
<TOTAL-CURRENT-ASSETS>                         322,465
<TOTAL-DEFERRED-CHARGES>                       497,997
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               4,435,439
<COMMON>                                     1,088,900
<CAPITAL-SURPLUS-PAID-IN>                       (5,367)
<RETAINED-EARNINGS>                            113,420
<TOTAL-COMMON-STOCKHOLDERS-EQ>               1,196,953
<PREFERRED-MANDATORY>                          111,265
<PREFERRED>                                    160,500
<LONG-TERM-DEBT-NET>                         1,403,055
<SHORT-TERM-NOTES>                              27,154
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   75,320
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                     16,238
<LEASES-CURRENT>                                28,000
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,416,954
<TOT-CAPITALIZATION-AND-LIAB>                4,435,439
<GROSS-OPERATING-REVENUE>                    1,708,541
<INCOME-TAX-EXPENSE>                            63,751
<OTHER-OPERATING-EXPENSES>                   1,301,670
<TOTAL-OPERATING-EXPENSES>                   1,365,421
<OPERATING-INCOME-LOSS>                        343,120
<OTHER-INCOME-NET>                               4,696
<INCOME-BEFORE-INTEREST-EXPEN>                 347,816
<TOTAL-INTEREST-EXPENSE>                       133,977
<NET-INCOME>                                   213,839
<PREFERRED-STOCK-DIVIDENDS>                     22,359
<EARNINGS-AVAILABLE-FOR-COMM>                  190,520
<COMMON-STOCK-DIVIDENDS>                       167,100
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                         367,621
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
        


 

EX-27

 

<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from MP&L's
financial statements for the year ended December 31, 1994 and is qualified in
its entirety by reference to such financial statements.

<CIK> 0000066901
<NAME> MISSISSIPPI POWER & LIGHT COMPANY
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      959,927
<OTHER-PROPERTY-AND-INVEST>                     11,155
<TOTAL-CURRENT-ASSETS>                         230,340
<TOTAL-DEFERRED-CHARGES>                       428,023
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               1,629,445
<COMMON>                                       199,326
<CAPITAL-SURPLUS-PAID-IN>                      (1,762)
<RETAINED-EARNINGS>                            232,011
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 429,575
<PREFERRED-MANDATORY>                           31,770
<PREFERRED>                                     57,881
<LONG-TERM-DEBT-NET>                           475,233
<SHORT-TERM-NOTES>                              30,000
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   65,965
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                        552
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 538,469
<TOT-CAPITALIZATION-AND-LIAB>                1,629,445
<GROSS-OPERATING-REVENUE>                      847,888
<INCOME-TAX-EXPENSE>                            16,651
<OTHER-OPERATING-EXPENSES>                     735,480
<TOTAL-OPERATING-EXPENSES>                     752,131
<OPERATING-INCOME-LOSS>                         95,757
<OTHER-INCOME-NET>                               4,719
<INCOME-BEFORE-INTEREST-EXPEN>                 100,476
<TOTAL-INTEREST-EXPENSE>                        51,697
<NET-INCOME>                                    48,779
<PREFERRED-STOCK-DIVIDENDS>                      7,404
<EARNINGS-AVAILABLE-FOR-COMM>                   41,155
<COMMON-STOCK-DIVIDENDS>                        45,600
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                       (119,726)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
        

 

EX-27

 

<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from NOPSI's
financial statements for the year ended December 31, 1994 and is qualified in
its entirety by reference to such financial statements.

<CIK> 0000071508
<NAME> NEW ORLEANS PUBLIC SERVICE INC.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                      277,776
<OTHER-PROPERTY-AND-INVEST>                      3,259
<TOTAL-CURRENT-ASSETS>                         118,251
<TOTAL-DEFERRED-CHARGES>                       193,608
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                 592,894
<COMMON>                                        33,744
<CAPITAL-SURPLUS-PAID-IN>                       36,201 
<RETAINED-EARNINGS>                             78,886
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 148,831
<PREFERRED-MANDATORY>                            3,450
<PREFERRED>                                     19,780
<LONG-TERM-DEBT-NET>                           164,160
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   24,200
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 232,473
<TOT-CAPITALIZATION-AND-LIAB>                  592,894
<GROSS-OPERATING-REVENUE>                      447,787
<INCOME-TAX-EXPENSE>                             3,602
<OTHER-OPERATING-EXPENSES>                     414,424
<TOTAL-OPERATING-EXPENSES>                     418,026
<OPERATING-INCOME-LOSS>                         29,761
<OTHER-INCOME-NET>                               1,474
<INCOME-BEFORE-INTEREST-EXPEN>                  31,235
<TOTAL-INTEREST-EXPENSE>                        18,024
<NET-INCOME>                                    13,211
<PREFERRED-STOCK-DIVIDENDS>                      1,536
<EARNINGS-AVAILABLE-FOR-COMM>                   11,630
<COMMON-STOCK-DIVIDENDS>                        33,300
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                          38,556
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
        


 

EX-27

 

<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from System 
Energy's financial statements for the year ended December 31, 1994 and is 
qualified in its entirety by reference to such financial statements.

<CIK> 0000202584
<NAME> SYSTEM ENERGY RESOURCES INC.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    2,746,640
<OTHER-PROPERTY-AND-INVEST>                     30,359
<TOTAL-CURRENT-ASSETS>                         177,985
<TOTAL-DEFERRED-CHARGES>                       658,375
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               3,613,359
<COMMON>                                       789,350
<CAPITAL-SURPLUS-PAID-IN>                            7 
<RETAINED-EARNINGS>                             85,681
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 875,038
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<LONG-TERM-DEBT-NET>                         1,438,305
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                  105,000
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                     18,688
<LEASES-CURRENT>                                28,000
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,148,328
<TOT-CAPITALIZATION-AND-LIAB>                3,613,359
<GROSS-OPERATING-REVENUE>                      474,963
<INCOME-TAX-EXPENSE>                            38,087
<OTHER-OPERATING-EXPENSES>                     265,109
<TOTAL-OPERATING-EXPENSES>                     303,196
<OPERATING-INCOME-LOSS>                        171,767
<OTHER-INCOME-NET>                               8,742
<INCOME-BEFORE-INTEREST-EXPEN>                 180,509
<TOTAL-INTEREST-EXPENSE>                       175,102
<NET-INCOME>                                     5,407
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                    5,407
<COMMON-STOCK-DIVIDENDS>                             0
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                         336,987
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0