Exhibit 2 Page 1 of 3
ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS As of March 31, 2005 (Unaudited) (In Thousands)
CURRENT ASSETS
Cash and cash equivalents:
Cash		$73,455
Temporary cash investments - at cost, which    approximates market		405,947
Total cash and cash equivalents		479,402
Other temporary investments		476,950
Notes receivable		2,064
Accounts receivable:
Customer		365,366
Allowance for doubtful accounts		(21,941)
Other		346,686
Accrued unbilled revenues		378,070
Total receivables		1,068,181
Deferred fuel costs		21,331
Accumulated deferred income taxes		83,752
Fuel inventory - at average cost		126,240
Materials and supplies - at average cost		575,671
Deferred nuclear refueling outage costs		116,575
Prepayments and other		207,100
TOTAL		3,157,266
OTHER PROPERTY AND INVESTMENTS
Investment in affiliates - at equity		192,333
Decommissioning trust funds		2,476,143
Non-utility property - at cost (less accumulated depreciation)		223,765
Other		90,455
TOTAL		2,982,696
PROPERTY, PLANT AND EQUIPMENT
Electric		29,192,580
Property under capital lease		737,638
Natural gas		266,867
Construction work in progress		1,290,830
Nuclear fuel under capital lease		292,392
Nuclear fuel		327,965
TOTAL PROPERTY, PLANT AND EQUIPMENT		32,108,272
Less - accumulated depreciation and amortization		13,330,130
PROPERTY, PLANT AND EQUIPMENT - NET		18,778,142
DEFERRED DEBITS AND OTHER ASSETS
Regulatory assets:
SFAS 109 regulatory asset - net		739,575
Other regulatory assets		1,436,946
Long-term receivables		38,259
Goodwill		377,172
Other		916,845
TOTAL		3,508,797
TOTAL ASSETS		$28,426,901
		Exhibit 2 Page 2 of 3
ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS LIABILITIES AND SHAREHOLDERS' EQUITY As of March 31, 2005 (Unaudited) (In Thousands)
CURRENT LIABILITIES
Currently maturing long-term debt		$490,286
Notes payable		118
Accounts payable		718,118
Customer deposits		227,568
Taxes accrued		255,506
Interest accrued		132,175
Obligations under capital leases		133,899
Other		311,829
TOTAL		2,269,499
NON-CURRENT LIABILITIES
Accumulated deferred income taxes and taxes accrued		5,069,208
Accumulated deferred investment tax credits		394,142
Obligations under capital leases		175,174
Other regulatory liabilities		395,945
Decommissioning and retirement cost liabilities		2,077,101
Transition to competition		79,101
Regulatory reserves		29,543
Accumulated provisions		563,161
Long-term debt		7,444,901
Preferred stock with sinking fund		15,150
Other		1,533,952
TOTAL		17,777,378
Preferred stock without sinking fund		365,337
SHAREHOLDERS' EQUITY
Common stock, $.01 par value, authorized    500,000,000 shares; issued 248,174,087 shares in    2005 and in 2004		2,482
Paid-in capital		4,826,797
Retained earnings		5,040,655
Accumulated other comprehensive loss		(116,797)
Less - treasury stock, at cost (35,335,147 shares in 2005		1,738,450
TOTAL		8,014,687
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$28,426,901

Exhibit 2 Page 3 of 3
ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME For the Three Months Ended March 31, 2005 (Unaudited) (In Thousands)
OPERATING REVENUES
Domestic electric	$1,744,383
Natural gas	86,950
Competitive businesses	492,081
TOTAL	2,323,414
OPERATING EXPENSES
Operating and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale	580,082
Purchased power	499,778
Nuclear refueling outage expenses	39,810
Other operation and maintenance	534,666
Decommissioning	36,998
Taxes other than income taxes	102,989
Depreciation and amortization	224,177
Other regulatory credits - net	(16,765)
TOTAL	2,001,735
OPERATING INCOME	321,679
OTHER INCOME
Allowance for equity funds used during construction	12,884
Interest and dividend income	30,890
Equity in earnings (loss) of unconsolidated equity affiliates	(2,193)
Miscellaneous - net	25,802
TOTAL	67,383
INTEREST AND OTHER CHARGES
Interest on long-term debt	110,752
Other interest - net	12,164
Allowance for borrowed funds used during construction	(7,509)
TOTAL	115,407
INCOME BEFORE INCOME TAXES	273,655
Income taxes	95,035
CONSOLIDATED NET INCOME	178,620
Preferred dividend requirements and other	6,624
EARNINGS APPLICABLE TO
COMMON STOCK	$171,996