EX-12.B 10 exhibit12bq315.htm EXHIBIT 12.B Exhibit


Exhibit 12(b)
 
 
 
 
 
 
 
 
Entergy Louisiana, LLC
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Distributions
 
 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
September 30,
 
2010
2011
2012
2013
2014
2015
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
Total Interest
$
119,484

$
116,803

$
136,967

$
153,529

$
166,750

$
172,213

  Interest applicable to rentals
4,103

4,269

3,928

3,544

3,442

3,564

 
 
 
 
 
 
 
Total fixed charges, as defined
123,587

121,072

140,895

157,073

170,192

175,777

 
 
 
 
 
 
 
Preferred distributions, as defined (a)
8,474

11,297

11,297

11,297

11,328

11,202

 
 
 
 
 
 
 
Combined fixed charges and preferred distributions, as defined
$
132,061

$
132,369

$
152,192

$
168,370

$
181,520

$
186,979

 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
  Net Income
$
231,435

$
473,923

$
281,081

$
252,464

$
283,531

$
297,947

  Add:
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
Total Taxes (Benefit)
66,546

(370,211
)
(128,922
)
81,877

96,270

125,186

    Fixed charges as above
123,587

121,072

140,895

157,073

170,192

175,777

 
 
 
 
 
 
 
Total earnings, as defined
$
421,568

$
224,784

$
293,054

$
491,414

$
549,993

$
598,910

 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
3.41

1.86

2.08

3.13

3.23

3.41

 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
preferred distributions, as defined
3.19

1.70

1.93

2.92

3.03

3.20

 
 
 
 
 
 
 
_______________________
 
 
 
 
 
 
(a) "Preferred distributions," as defined by SEC regulation S-K, are computed by dividing the preferred distribution
      requirement by one hundred percent (100%) minus the income tax rate.