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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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UNITED STATES OF AMERICA Washington, D. C. 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, 2005 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 2005 during the 4th quarter are indicated below: Net Expenditures 4th Quarter Year-To-Date 2005 Fuel Supply Program: 1. Gas and Oil Development $ 0 $ 0 2. Nuclear Fuel Procurement 31,177 104,893 3. Fuel Oil Program 61,673 64,932 TOTAL EXPENDITURES 92,850 169,825 Less funds derived through Amortization & depreciation Charges Amortization of Gas & Oil Development & Production Costs 0 0 Depreciation & Other Amortization 0 0 TOTAL depreciation & amortization 0 0 Net Expenditures 92,850 169,825 (Increase) decrease in: Outside financing System Money Pool borrowings (59,266) (147,093) TOTAL (increase)decrease in borrowings (59,266) (147,093) Increase (decrease) in working Capital $(33,584) $ (22,732) 1. Gas and Oil Development and Production Net Expenditures 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). As of September 30, 2003, there are no remaining proceeds at SFI for the continuing shutdown activities. Calculation of the net expenditures (proceeds) from the continuing shutdown activities of the Program, is: Net Expenditures 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 0 Net proceeds $ 0 $ 0 2. Nuclear Fuel Procurement Net Expenditures 4th Quarter Year-To-Date Nuclear Fuel Procurement $31,181 $ 61,471 Net Expenditures 4th Quarter Year-To-Date Activities during the period: Expenditures for nuclear Materials and processing Services $31,293 $122,906 General and administrative Expense (75) 181 Interest expense 294 752 TOTAL 31,512 123,839 Sales of nuclear materials and Processing services to System companies 331 62,368 Net effect on inventory $31,181 $ 61,471 3. Fuel Oil Program Net Expenditures 4th Quarter Year-To-Date Fuel Oil Inventory $61,673 $64,931 a) Fuel Oil Inventory: Barrels Book Value Inventory as of: (In Thousands) December 31, 2005 2,325 126,212 September 30, 2005 1,403 64,539 June 30, 2005 1,576 50,087 March 31, 2005 2,065 61,814 December 31, 2004 1,936 61,281 During 4th Quarter Barrels Value Sales price per barrel to System companies Excluding period cost: #2 Fuel Oil 32,135 70.90 #6 Fuel Oil 1,314,475 52.01 4. Other Items: a) As of December 31, 2005, 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 147,094 Banks 0 TOTAL $181,114 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 of 2005, SFI was billed by Entergy Services for the following amounts: Total Cost of service charged to Service Requests established to track cost of functions previously performed by SFI personnel: Direct Cost: Labor and related Cost $ 4,947 $ 5,264 $7,440 $ 17,651 Other direct cost 1,542 1,331 3,244 6,117 Indirect Cost 2,958 1,918 (10,684) (5,808) TOTAL 9,447 8,513 0 17,960 Cost of services charged to Service Requests not Related to transfer of SFI personnel: 70,308 63,664 83,715 217,687 Total cost of services performed by Entergy Services $79,755 $72,177 $83,715 $235,647 Amounts billed to Operating Companies for The Fuel Oil Program* $62,431 $55,647 $67,570 $185,648 Charged to Nuclear Fuel Procurement 17,324 16,530 16,145 49,999 TOTAL $79,755 $72,177 $83,715 $235,647 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 2005, such Fuel Oil Program period costs were allocated 9.77% to ENTERGY ARKANSAS, INC., 50.43% to ENTERGY LOUISIANA, LLC. (as successor to Entergy Louisiana Inc. Utility Operations), 28.12% to ENTERGY MISSISSIPPI, INC., and 11.68% to ENTERGY NEW ORLEANS, INC.
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
. . . . . . . . . . . . . . . . . . . . . . . . . .
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In the Matter of .
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ENTERGY ARKANSAS, INC. .
ENTERGY LOUISIANA, INC. .
ENTERGY MISSISSIPPI, INC. .
ENTERGY NEW ORLEANS, INC. .
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File No. 70-5015 .
________________ CERTIFICATE
PURSUANT TO
In the Matter of RULE 24
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SYSTEM FUELS, INC. .
SYSTEM ENERGY RESOURCES, INC. .
ENTERGY ARKANSAS, INC. .
ENTERGY LOUISIANA, INC. .
ENTERGY MISSISSIPPI, INC. .
ENTERGY NEW ORLEANS, INC. .
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File No. 70-5889 .
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(Public Utility Holding Company Act of 1935) .
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(In Thousands)
and Production
(In Thousands)
(In Thousands)
(In Thousands)
(In Thousands)
(In Thousands)
October
November
December
4th Qtr
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 31st of January 2006.
ENTERGY ARKANSAS, INC. ENTERGY MISSISSIPPI, INC. |
BY: /s/ Nathan E. Langston__ |
SYSTEM FUELS, INC. |
BY: /s/ Steven C. McNeal____ |