EX-12.(B) 3 exhibit12bq117.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
 
Three Months Ended
 
December 31,
 
March 31,
 
2012
2013
2014
2015
2016
 
2017
 
 
 
 
 
 
 
 
Fixed charges, as defined:
 
 
 
 
 
 
 
Total Interest

$220,218


$234,647


$253,455


$259,894


$273,283

 

$67,315

  Interest applicable to rentals
6,002

5,445

5,238

5,534

4,041

 
1,133

 
 
 
 
 
 
 
 
Total fixed charges, as defined
226,220

240,092

258,693

265,428

277,324

 
68,448

 
 
 
 
 
 
 
 
Preferred distributions, as defined (a)
12,638

12,638

12,672

9,325


 

 
 
 
 
 
 
 
 
Combined fixed charges and preferred distributions, as defined

$238,858


$252,730


$271,365


$274,753


$277,324

 

$68,448

 
 
 
 
 
 
 
 
Earnings as defined:
 
 
 
 
 
 
 
  Net Income

$440,058


$414,126


$446,022


$446,639


$622,047

 

$94,378

  Add:
 
 
 
 
 
 
 
    Provision for income taxes:
 
 
 
 
 
 
 
Total Taxes (Benefit)
(76,306
)
138,696

185,052

178,671

89,734

 
42,925

    Fixed charges as above
226,220

240,092

258,693

265,428

277,324

 
68,448

 
 
 
 
 
 
 
 
Total earnings, as defined

$589,972


$792,914


$889,767


$890,738


$989,105

 

$205,751

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges, as defined
2.61

3.30

3.44

3.36

3.57

 
3.01

 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred distributions, as defined
2.47

3.14

3.28

3.24

3.57

 
3.01

 
 
 
 
 
 
 
 
_______________________
 
 
 
 
 
 
 
(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.