-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T4iCbBIikWgOyIYGAeYHth5o4TdParfLpAHgoc59hPJD0xWcstQYQN4DNLyg7i/9 0b8C62IKHecePMzzp7vMKg== 0000065984-03-000024.txt : 20030123 0000065984-03-000024.hdr.sgml : 20030123 20030123162351 ACCESSION NUMBER: 0000065984-03-000024 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030123 EFFECTIVENESS DATE: 20030123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY CORP /DE/ CENTRAL INDEX KEY: 0000065984 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 721229752 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-05889 FILM NUMBER: 03522588 BUSINESS ADDRESS: STREET 1: 639 LOYOLA AVE CITY: NEW ORLEANS STATE: LA ZIP: 70113 BUSINESS PHONE: 5045764000 MAIL ADDRESS: STREET 1: PO BOX 61000 CITY: NEW ORLEANS STATE: LA ZIP: 70161 FORMER COMPANY: FORMER CONFORMED NAME: MIDDLE SOUTH UTILITIES INC DATE OF NAME CHANGE: 19890521 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY GSU HOLDINGS INC /DE/ DATE OF NAME CHANGE: 19940329 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY CORP /FL/ DATE OF NAME CHANGE: 19940329 35-CERT 1 a00603.txt UNITED STATES OF AMERICA BEFORE THE SECURITIES AND EXCHANGE COMMISSION Washington, D. C. . . . . . . . . . . . . . . . . . . . . . . . . . . . In the Matter of . . ENTERGY ARKANSAS, INC. . ENTERGY LOUISIANA, INC. . ENTERGY MISSISSIPPI, INC. . ENTERGY NEW ORLEANS, INC. . . File No. 70-5015 . ________________ CERTIFICATE PURSUANT TO In the Matter of RULE 24 . SYSTEM FUELS, INC. . SYSTEM ENERGY RESOURCES, INC. . ENTERGY ARKANSAS, INC. . ENTERGY LOUISIANA, INC. . ENTERGY MISSISSIPPI, INC. . ENTERGY NEW ORLEANS, INC. . . File No. 70-5889 . ________________ . . . (Public Utility Holding Company Act of 1935) . .. . . . . . . . . . . . . . . . . . . . . . . . . . Pursuant to Rule 24 promulgated by the Securities and Exchange Commission (SEC) under the Public Utility Holding Company Act of 1935, modified by request in the application(s) - declaration(s) referenced above, this is to certify that the following transactions were carried out and borrowings made, during the fourth quarter ended December 31, 2002 pursuant to System Fuels, Inc.'s (SFI) function as a supplier of fuel for the Entergy Corporation Operating Companies (System) in accordance with the terms and conditions of and for the purposes represented in the application(s) - declaration(s), as amended, and pursuant to the Orders of the SEC, dated December 17, 1971 in File No. 70-5015 and April 28, 1978 in File No. 70-5889. Expenditures for SFI's fuel program for 2002 during the 4th quarter are indicated below: Net Expenditures (In Thousands) 4th Quarter Year-To-Date 2002 Fuel Supply Program: 1. Gas and Oil Development and Production $ 0 $ 0 2. Nuclear Fuel Procurement 13,188 (14,524) 3. Fuel Oil Program 706 (5,266) ----------- --------- TOTAL EXPENDITURES 13,894 (19,790) ----------- --------- Less funds derived through Amortization & depreciation Charges Amortization of Gas & Oil Development & Production Costs 0 (326) Depreciation & Other Amortization 7 22 ----------- --------- TOTAL depreciation & amortization 7 (304) ----------- --------- Net Expenditures 13,901 (20,094) (Increase) decrease in: Outside financing System Money Pool borrowings 0 27,741 ----------- --------- TOTAL (increase)decrease in borrowings 0 27,741 ----------- --------- Increase (decrease) in working Capital $ (13,901) $(7,647) =========== ========= 1. Gas and Oil Development and Production Net Expenditures (In Thousands) 4th Quarter Year-To-Date Gas and Oil Development and Production $ 0 $ 0 ======= ====== Effective July 1, 1996, SFI sold its interest in the properties associated with its Gas and Oil Development and Production Program (the program). During this quarter, SFI had no expenditures relative to the continuing shutdown of this operation. As of December 31, 2002, accumulated net proceeds of approximately $578,134 are retained at SFI for the continuing shutdown activities. Calculation of the net expenditures (proceeds) from the continuing shutdown activities of the Program, is: Net Expenditures (In Thousands) 4th Quarter Year-To-Date Sales to non-System parties: Natural gas $ 0 $ 0 Condensate 0 0 Crude oil 0 0 ---- ---- TOTAL 0 0 Miscellaneous income (including sale of assets) 0 0 ---- ---- TOTAL 0 0 General and administrative Expense 0 0 Operating expense 0 0 Interest expense 0 0 Amortization adjustment 0 (326) ---- ---- Net proceeds $ 0 ($326) ===== ===== 2. Nuclear Fuel Procurement Net Expenditures (In Thousands) 4th Quarter Year-To-Date Nuclear Fuel Procurement $13,188 ($14,524) ======= ======== Net Expenditures (In Thousands) 4th Quarter Year-To-Date Activities during the period: Expenditures for nuclear Materials and processing Services $13,019 $ 70,031 General and administrative Expense 133 383 Interest expense 36 463 ------- ---------- TOTAL 13,188 70,877 ------- ---------- Sales of nuclear materials and Processing services to System companies 0 85,401 ------- ---------- Net effect on inventory $13,188 ($14,524) ======= ========== 3. Fuel Oil Program Net Expenditures (In Thousands) 4th Quarter Year-To-Date Fuel Oil Inventory $ 706 $(5,266) ====== ======= a) Fuel Oil Inventory: Barrels Book Value Inventory as of: (In Thousands) December 31, 2002 1,382 28,177 September 30, 2002 1,370 27,471 June 30, 2002 1,373 27,607 March 31, 2002 1,445 28,880 December 31, 2001 1,731 33,442 During 4th Quarter Barrels Value Sales price per barrel to System companies Excluding period cost: #2 Fuel Oil 50,010 32.15 #6 Fuel Oil 24,111 14.20 4. Other Items: a) As of December 31, 2002, SFI's outstanding debt and Parent Companies investment consisted of: Parent Companies: In Thousands Common Stock $ 20 Notes payable 34,000 ------- TOTAL 34,020 System Money Pool 0 Banks 0 ------- TOTAL 34,020 ======= b) As of January 1, 1987, SFI's employees were transferred to Entergy Services, Inc. (Entergy Services). Entergy Services bills SFI for labor associated with the operation of continuing activities for SFI and other services provided to SFI (financial, legal, administrative, and other activities). For the 4th quarter 2002, SFI was billed by Entergy Services for the following amounts: Total October November December 4th Qtr Cost of service charged to Service Requests established to track cost of functions previously performed by SFI personnel: Direct Cost: Labor and related Cost $ 2,830 $ 8,049 $ 6,121 $ 17,000 Other direct cost 1,304 2,428 2,015 5,747 Indirect Cost 752 1,902 1,477 4,131 -------- ------- -------- --------- TOTAL 4,886 12,379 9,613 26,878 -------- ------- -------- --------- Cost of services charged to Service Requests not Related to transfer of SFI personnel: 54,921 63,870 130,760 249,551 -------- ------- -------- --------- Total cost of services performed by Entergy Services $ 59,807 $76,249 $140,373 $ 276,429 ======== ======= ======== ========= Amounts billed to Operating Companies for The Fuel Oil Program* $ 51,753 $53,474 $ 82,129 $187,356 Charged to Nuclear Fuel Procurement 8,054 22,775 58,244 89,073 -------- ------- -------- --------- TOTAL $ 59,807 $76,249 $140,373 $276,429 ======== ======= ======== ========= * Charged to the Fuel Oil Program as a component of period costs. Effective January 1, 1998, Fuel Oil Program period costs are recorded by plant, to the extent possible, and direct billed to the operating company that owns the facility where incurred. Costs which cannot be directly associated with a facility or an operating company, continue to be allocated as before. For the 4th quarter of 2002, such Fuel Oil Program period costs were allocated 9.97% to ENTERGY ARKANSAS, INC., 48.81% to ENTERGY LOUISIANA, INC., 29.50% to ENTERGY MISSISSIPPI, INC., and 11.72% to ENTERGY NEW ORLEANS, INC. c) As previously reported, the System's fuels planning and procurement administration was reorganized during 1988, redefining the fuels management roles and placing the responsibility for most fuel procurement decisions with Entergy Corporation System Executives. SFI, utilizing Entergy Services personnel, continues to be responsible for gas and oil production shut down, financing nuclear fuel inventory and fuel oil inventory and facilities, and accounting functions related to these continuing activities. IN WITNESS WHEREOF, SFI has caused this certificate to be executed as of the 23rd of January 2003. ENTERGY ARKANSAS, INC. ENTERGY LOUISIANA, INC. ENTERGY MISSISSIPPI, INC. ENTERGY NEW ORLEANS, INC. SYSTEM ENERGY RESOURCES, INC. BY: /s/ Nathan E. Langston Nathan E. Langston Sr. Vice President and Chief Accounting Officer SYSTEM FUELS, INC. BY: /s/ Steven C. McNeal Steven C. McNeal Vice President and Treasurer -----END PRIVACY-ENHANCED MESSAGE-----