EX-12.D 12 exhibit12dq315.htm EXHIBIT 12.D Exhibit


Exhibit 12(d)
 
 
 
 
 
 
 
 
Entergy New Orleans, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
Twelve Months Ended
 
December 31,
September 30,
 
2010
2011
2012
2013
2014
2015
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
  Total Interest
$
15,739

$
13,598

$
14,196

$
16,892

$
16,820

$
17,375

  Interest applicable to rentals
833

827

747

635

620

633

 
 
 
 
 
 
 
Total fixed charges, as defined
16,572

14,425

14,943

17,527

17,440

18,008

 
 
 
 
 
 
 
Preferred dividends, as defined (a)
1,569

1,569

1,569

1,569

1,569

1,569

 
 
 
 
 
 
 
Combined fixed charges and preferred dividends, as defined
$
18,141

$
15,994

$
16,512

$
19,096

$
19,009

$
19,577

 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
 
 
 
 
 
 
  Net Income
$
35,167

$
37,149

$
19,878

$
12,608

$
31,030

$
41,709

  Add:
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
     Total
18,707

16,469

8,645

2,277

13,450

20,786

    Fixed charges as above
16,572

14,425

14,943

17,527

17,440

18,008

 
 
 
 
 
 
 
Total earnings, as defined
$
70,446

$
68,043

$
43,466

$
32,412

$
61,920

$
80,503

 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined (b)
4.25

4.72

2.91

1.85

3.55

4.47

 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
 preferred dividends, as defined
3.88

4.25

2.63

1.70

3.26

4.11

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