-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WnIh6z7Ld5QVzUNm5dmJZkBdBx9Mr40MSjxbjVCMy81TjdEq02EGxVjWJTW3lQ1f EurXclUQ+BVJzA10BkkqDg== 0000065984-99-000114.txt : 19991125 0000065984-99-000114.hdr.sgml : 19991125 ACCESSION NUMBER: 0000065984-99-000114 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 19991124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY CORP /DE/ CENTRAL INDEX KEY: 0000065984 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 721229752 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-09123 FILM NUMBER: 99763525 BUSINESS ADDRESS: STREET 1: 639 LOYOLA AVE CITY: NEW ORLEANS STATE: LA ZIP: 70113 BUSINESS PHONE: 5045295262 MAIL ADDRESS: STREET 1: PO BOX 61000 CITY: NEW ORLEANS STATE: LA ZIP: 70161 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY GSU HOLDINGS INC /DE/ DATE OF NAME CHANGE: 19940329 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY CORP /FL/ DATE OF NAME CHANGE: 19940329 FORMER COMPANY: FORMER CONFORMED NAME: MIDDLE SOUTH UTILITIES INC DATE OF NAME CHANGE: 19890521 35-CERT 1 UNITED STATES OF AMERICA BEFORE THE SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. * * * * * * * * * * * * * * * * * In the Matter of * * ENTERGY CORPORATION et al. * CERTIFICATE * PURSUANT TO RULE 24 * File No. 70-9123 * * (Public Utility Holding Company * Act of 1935) * * * * * * * * * * * * * * * * * * Pursuant to Rule 24 promulgated by the Securities and Exchange Commission (SEC) under the Public Utility Holding Company Act of 1935, as amended (Act), modified by the application - declaration, as amended, in the above referenced file and the related order dated June 22, 1999 (June 1999 Order), this is to certify that the following transactions were carried out during the three (3) months ended September 30, 1999 by Entergy Corporation's non-utility companies (Non-Reg Companies), pursuant to the authorization of the SEC. Capitalized terms used in this Certificate, unless otherwise defined, have the meanings set forth in the June 1999 Order. Authorized Transactions Pursuant to the June 1999 Order,(a) the Non-Reg Companies are authorized to conduct development activities with respect to various investment opportunities for Entergy Corporation (Entergy), (b) the Non-Reg Companies are authorized to provide various consulting services to other Non-Reg Companies and to non- associates, including to market to non-associates the Entergy System's expertise and capabilities in energy-related areas, and to market to non-associates intellectual property developed by System companies, (c) the Non-Reg Companies are authorized to provide various management, administrative and support services to associate companies, excluding certain associate companies (Excluded Companies), (d) Entergy is authorized to create O&M Subs to provide various operations and maintenance services to non-associate or associate companies, (e) Entergy is authorized to create one or more New Subsidiaries,(f) Entergy and the Non- Reg Companies are authorized to make Nonutility Loans to certain Non-Reg Companies, (g) the Non-Reg Companies are authorized to issue Other Securities of any type to Entergy, to other Non-Reg Companies or to third parties, and (h) the Non-Reg Companies are authorized to pay dividends to their immediate parent companies from capital accounts or other unearned surplus. During the quarter, the Non-Reg Companies participated in the following: I. Administrative, Consulting, Management, and Other Services to Associate Companies During the quarter, Entergy Enterprises Inc. (Enterprises) provided certain management and support services, at cost, to its associate companies, Entergy Power, Inc. (EPI), Entergy Power Marketing Corp., Entergy Power Edesur Holding Ltd., Entergy Technology Holding Company (ETHC), Entergy Technology Company (ETC), Entergy Business Solutions LLC, Entergy Thermal LLC, Entergy Power Development Corporation, Entergy International Holdings, Ltd., LLC, Entergy Pakistan, Ltd., EP Edegel, Inc., Entergy Power Chile, Inc., Entergy do Brasil Ltd., Entergy Operations Services Inc., Entergy Power Operations Corp., Entergy Power International Holdings Corporation, Entergy Power Asia, Ltd., Entergy Nuclear Generation Corporation, Entergy Trading and Marketing Ltd. and Entergy Nuclear, Inc. Enterprises' billings to all such associate companies included direct costs incurred plus an indirect loading based upon current month administrative charges. Enterprises billed, at cost, EPI ($631,231) for services related to the marketing of EPI capacity and energy to other utilities at wholesale, preparation of contracts and regulatory filings, oversight of plant operations and maintenance by plant operators, and procurement of transmission services. In regard to Entergy Power Marketing Corp. ($5,456,043) and Entergy Trading and Marketing Ltd. ($197,557) these services related to the marketing of energy commodities to third parties at wholesale, preparation of contracts and regulatory filings and procurement of transmission services. In regard to Entergy Holdings, Inc. ($145,794) these were primarily administrative services. In regard to Entergy Business Solutions LLC ($78,762), Entergy Thermal LLC ($54,304), Entergy Power Edesur Holding, Ltd. ($18,735), ETHC ($613,592), ETC ($982,407), Entergy Power Development Corp. ($5,817,527), Entergy International Holdings, Ltd.LLC ($490,318), Entergy Pakistan Ltd.($41,981), EP Edegel, Inc. ($284,640), Entergy Power Chile, Inc. ($13,670), Entergy do Brasil Ltd. ($11,521 credit), Entergy Power Operations Corporation ($252,483), Entergy Power International Holdings Corp. ($717,150), Entergy Nuclear Generation Corp. ($1,634,190), Entergy Power Asia, Ltd ($604,101),Entergy Operations Services Inc. ($428,450), and Entergy Nuclear, Inc. ($682,446), these services were primarily related to management oversight and project development. Also during the quarter, ENI provided management oversight and consulting services to Entergy Nuclear Generation Corp. at cost ($898,236). During the quarter, EOSI provided management services to Entergy Thermal LLC. The amount billed, at cost, in the third quarter was $38,181. During the quarter, Entergy Holdings, Inc. provided management services to Entergy Business Solutions LLC. The amount billed, at cost, in the third quarter was $111,608. II. Consulting Services Provided to Non-Associate Companies Enterprises, under contract with a hydroelectric partnership, continues to provide an array of technical services/support for a hydroelectric transmission line project. Certain Entergy Services, Inc. personnel are providing the services. The partnership was charged $12,600 for services rendered during this quarter. During the quarter, no other consulting services were provided by Non-Reg Companies to non-associate companies. III. Nonutility Loans Made by Entergy to Non-Reg Companies, or Between Non-Reg Companies During the quarter, no Nonutility Loans subject to reporting in this Certificate were made by Entergy to Non-Reg Companies, nor were any such loans made between Non-Reg Companies. IV. Other Securities Issuances by Non-Reg Companies During the quarter, no Other Securities were issued by Non- Reg Companies. V. Formation and Capitalization of New Subsidiaries and O&M Subs During the quarter, no amounts were expended to form and capitalize any New Subsidiaries or O&M Subs. VI. Nature and Extent of O&M Services Provided During the quarter, Entergy's subsidiary, Entergy Nuclear, Inc. (ENI), provided decommissioning management services to two large nuclear operating utilities in the Northeast. ENI is paid a fixed monthly fee and certain incentive fees and is reimbursed for its actual expenses for labor and related charges at cost for all services provided. ENI also provided consulting services to a large utility company. The total amount billed by ENI for such services during the quarter was $2,694,983. In addition, during the quarter, Entergy's subsidiary, Entergy Operations Services, Inc. (EOSI) provided power project related operation and management services to several non- associate customers, including professional advice, technical expertise and maintenance services. Specifically, EOSI's services to non-associate customers included preventive maintenance on substations; replacement of watt-var transducers and damaged equipment; completion of a planning and estimating project for a potential new power plant; replacement of 230kv arrestors and removed 230kv transformer switch; performed a corona scope; and adjusted interphase piping on 230kv disconnect switch. Also, EOSI provided services to non-associate utilities located in Louisiana related to the installation of 15kv feeder breakers. The total amounts billed for services in the third quarter were $245,483 consisting, in each case, of market-based fees and reimbursable expenses. Entergy represents that no Excluded Company has subsidized the operations of any Non-Reg Company, and that the rendering of O&M Services by O&M Subs is in compliance with the applicable rules, regulations and orders of the SEC and has not adversely affected the services provided by any Excluded Company to its customers. VII. Payment of Dividends By Non-Reg Companies During the quarter, no dividends subject to reporting in this Certificate were paid by Non-Reg Companies. VIII. Reorganizations No reorganizations of Entergy's ownership interests in Non- Reg Companies subject to reporting in this Certificate were effected during the quarter. The current Entergy Non-Reg Companies' organizational structure as of September 30, 1999 is included in Exhibit 1. IX. Financial Statements Entergy Corporation's unaudited Balance Sheet and Income Statement for the nine (9) months ended September 30, 1999 are included in Exhibit 2. IN WITNESS WHEREOF, the undersigned company has caused this certificate to be executed on this 23rd day of November 1999. ENTERGY CORPORATION By: /s/ Nathan E. Langston Nathan E. Langston Vice President and Chief Accounting Officer _______________________________ Non-utilities are defined as "exempt wholesale generators" ("EWGs"), "foreign utility companies" ("FUCOs"), "exempt telecommunications companies" ("ETCs"), "O&M Subs", "Authorized Subsidiary Companies", "New Subsidiaries" and "Energy-related Companies". The Excluded Companies are Entergy's retail operating companies (Entergy Arkansas Inc., Entergy Louisiana Inc., Entergy Mississippi Inc., Entergy New Orleans Inc. and Entergy Gulf States Inc.), System Energy Resources, Inc., System Fuels, Inc., Entergy Operations, Inc., Entergy Services, Inc., and any other subsidiaries that Entergy may create whose activities and operations are primarily related to the domestic sale of electric energy at retail or at wholesale to affiliates or the provision of goods or services thereto. EX-99 2 EXHIBIT 1 page 1 of 3 ENTERGY CORPORATION'S ORGANIZATION OF NON-REG COMPANIES As of September 30, 1999 Entergy Corporation Entergy Enterprises, Inc. (LA) (100%) (SEC Order) Entergy Operations Services, Inc. (14%) (SEC Order) Entergy Operations Services, Inc. (86%) (SEC Order) Entergy Power Generation Corp. (DE) (100%) (EWG) Entergy Power Marketing Corp. (DE) (100%) (Rule 58) Entergy Holdings Inc. (100%) (Rule 58) Entergy Business Solutions LLC (100%)( Rule 58) Entergy Thermal LLC (100%)( Rule 58) Entergy Nuclear, Inc. (100%) (SEC Order) Entergy Nuclear Holding Co. No. 1 (100%) (EWG) Entergy Nuclear Generation Corporation (DE) (100%) (EWG) Entergy Technology Holding Company (100%) (ETC) Entergy Technology Company (100%) (ETC) Entergy Wireless, Inc. (100%) (ETC) Entergy International Holdings Ltd., LLC (DE) (100%) (FUCO) Entergy International Ltd., LLC (100%) (FUCO) Entergy Power Edesur Holding, Ltd., LLC (100%) (FUCO) Entergy International Investment No. 2 LLC (100%) Entergy UK Holdings, Ltd (100%) Entergy UK Ltd (100%) Entergy UK Enterprises Ltd (100%) (FUCO) EPG Cayman Holding 1 (100%) Entergy AUS DB Lending Co. PTY, LTD (100%) Entergy US Debt Co 1 (100%) Entergy AUS Debt 1 (100%) Ent AUS DB 1 PTD LTD (1%) Ent Aus DB 1A (100%) (FUCO) EPG Cayman Holding 2 (100%) Entergy US Debt Co. 4 (100%) Entergy US Debt Co. 3(100%) Entergy US Debt Co. 2 (.5%) Entergy US Debt Co. 2 (99.5%) Entergy US Debt Sub Co. (100%) Entergy AUS Debt 2 (100%) ENT AUS DB 1 PTY LTD (99%) ENT AUS DB 1A (100%) (FUCO) Entergy Power Development Corporation (DE) (100%) (FUCO) Entergy Power Operations Pakistan LDC (Cayman) (5%) (FUCO) Entergy Global Trading Holdings, Ltd. (Cayman) (100%) EGT Holding, Ltd. (Cayman) (100%) Entergy Trading & Marketing Ltd. (United Kingdom) (100%) Entergy Australia Generation Holdings, Ltd. (Cayman) (100%) (FUCO) Entergy Australia Generation, Ltd. (Cayman) (100%) (FUCO) Entergy Wandoan Generation Pty., Ltd. (Australia) (100%) (FUCO) EXHIBIT 1 page 2 of 3 ENTERGY CORPORATION'S ORGANIZATION OF NON-REG COMPANIES As of September 30, 1999 Entergy Tarong Coal Generation Pty., Ltd. (Australia) (100%) (FUCO) Entergy Pakistan, Ltd. (DE) (100%) (FUCO) Hub Power Co., Ltd. (Pakistan) (<5%) (FUCO) Entergy Power Liberty, Ltd. (Mauritius) (100%) (FUCO) Entergy Power Asia, Ltd. (Cayman) (100%) (EWG) Entergy Power Saltend Holding, Ltd. (Cayman) (100%) (FUCO) Entergy Power Saltend, Ltd. (Cayman) (100%) (FUCO) Saltend Cogeneration Company, Ltd. (United Kingdom) (100%) (FUCO) Entergy Power Europe Holding, Ltd. (Cayman) (100%) (FUCO) Entergy Power Damhead Creek Holding 1, Ltd. (Cayman) (100%) (FUCO) Entergy Power Damhead Creek Holding II, Ltd. (Cayman) (99.99%) (FUCO) Entergy Power Damhead Creek Holding III, Ltd. (Cayman) (100%) (FUCO) Damhead Creek Holding, Ltd. (United Kingdom) (100%) (FUCO) Damhead Creek, Ltd. (United Kingdom) (100%) (FUCO) Damhead Creek Finance, Ltd. (Cayman) (100%) (FUCO) Entergy Power Damhead Finco., L.L.C. (Delaware) (99%) (FUCO) Entergy Power Damhead Finco. 1 (Cayman) (100%) (FUCO) Damhead Finance LDC (Cayman) (fka Entergy Power Damhead Cayman 1 LDC) (1%) (FUCO) Damhead Finance (Netherlands Antiles) N.V. (99%) (FUCO) Damhead Finance (Netherlands) B.V. (99%) (FUCO) Damhead Finance (Netherlands Antiles) N.V. (1%) (FUCO) Damhead Finance (Netherlands) B.V. (1%) (FUCO) Entergy Power Damhead Finco. 2 (Cayman) (100%) (FUCO) Damhead Finance LDC (Cayman) (fka Entergy Power Damhead Cayman 1 LDC) (99%) (FUCO) Damhead Finance (Netherlands Antiles) N.V. (99%) (FUCO) Damhead Finance (Netherlands) B.V. (99%) (FUCO) Entergy S.A. (Argentina) (100%) (FUCO) Central Costanera S.A. (Argentina) (6%) (FUCO) Central Thermoelectric Buenos Aires, S.A. (Argentina) (3%) (FUCO) Entergy Power CBA Holding, Ltd. (Bermuda) (100%) (FUCO) Central Thermoelectric Buenos Aires, S.A. (Argentina) (Indirect 7.8%) (FUCO) Entergy Power Chile, Inc. (Delaware) (100%) (FUCO) Entergy Power Chile, S.A. (Chile) (100%) (FUCO) EXHIBIT 1 page 3 of 3 ENTERGY CORPORATION'S ORGANIZATION OF NON-REG COMPANIES As of September 30, 1999 Inversiones Electricas Quillota S.A. (Chile) (50%) (FUCO) Compania Electrica San Isidro S.A. (Chile) (50%) (FUCO) EP Edegel, Inc. (Delaware) (100%) (FUCO) Entergy Power Peru S.A. (Peru) (100%) (FUCO) Generandes Peru S.A. (Peru) (33%) (FUCO) Edegel S.A. (Peru) (60%) (FUCO) Entergy Power BJE Holding, Ltd (100%) Bon Jardim Energetica LTDA (Brazil) (99.99%) Entergy do Brasil LTDA (99.99%) Entergy Power BJE, Ltd (100%) Bon Jardim Energetica LTDA (Brazil) (.01%) Entergy do Brasil LTDA (.01%) EX-99 3 EXHIBIT 2 page 1 of 5 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET ASSETS September 30, 1999 (Unaudited) (In Thousands) CURRENT ASSETS Cash and cash equivalents: Cash $152,081 Temporary cash investments - at cost, which approximates market 1,090,317 Special deposits 102,000 ------------- Total cash and cash equivalents 1,344,398 ------------- Other temporary investments - at cost, which approximates market 468,653 Notes receivable 2,262 Accounts receivable: Customer 429,791 Allowance for doubtful accounts (9,194) Other 360,172 Accrued unbilled revenues 346,120 ------------- Total receivables 1,126,889 ------------- Deferred fuel costs 338,187 Fuel inventory - at average cost 118,157 Materials and supplies - at average cost 392,030 Rate deferrals 33,500 Deferred nuclear refueling outage costs 41,336 Prepayments and other 87,397 ------------- TOTAL 3,952,809 ------------- OTHER PROPERTY AND INVESTMENTS Investment in subsidiary companies - at equity 214 Decommissioning trust funds 1,248,780 Non-utility property-at cost(less accumulated depreciation) 216,969 Non-regulated investments 262,633 Other - at cost (less accumulated depreciation) 16,491 ------------- TOTAL 1,745,087 ------------- UTILITY PLANT Electric 23,170,302 Plant acquisition adjustment 410,996 Property under capital lease 777,459 Natural gas 188,162 Steam products - Construction work in progress 1,140,618 Nuclear fuel under capital lease 307,402 Nuclear fuel 88,223 ------------- TOTAL UTILITY PLANT 26,083,162 Less - accumulated depreciation and amortization (10,803,794) ------------- UTILITY PLANT - NET 15,279,368 ------------- DEFERRED DEBITS AND OTHER ASSETS Regulatory assets: Rate deferrals 21,199 SFAS 109 regulatory asset - net 1,102,862 Unamortized loss on reacquired debt 198,699 Other regulatory assets 600,401 Long-term receivables 32,876 Other 464,525 ------------- TOTAL 2,420,562 ------------- TOTAL ASSETS $23,397,826 ============= EXHIBIT 2 page 2 of 5 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET LIABILITIES AND SHAREHOLDERS' EQUITY September 30, 1999 (Unaudited) (In Thousands) CURRENT LIABILITIES Currently maturing long-term debt $316,735 Notes payable 665 Accounts payable 757,743 Customer deposits 153,897 Taxes accrued 675,102 Accumulated deferred income taxes 97,926 Nuclear refueling outage costs 5,700 Interest accrued 145,567 Co-owner advances 14,305 Obligations under capital leases 175,964 Other 81,214 ------------- TOTAL 2,424,818 ------------- DEFERRED CREDITS AND OTHER LIABILITIES Accumulated deferred income taxes 3,319,890 Accumulated deferred investment tax credits 524,351 Obligations under capital leases 232,944 FERC settlement - refund obligation 38,861 Other regulatory liabilities 196,760 Decommissioning 594,651 Transition to competition 95,856 Regulatory reserves 354,620 Accumulated provisions 262,707 Other 742,557 ------------- TOTAL 6,363,197 ------------- Long-term debt 6,504,287 Preferred stock with sinking fund 89,650 Preference stock 150,000 Company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated deferrable debentures 215,000 SHAREHOLDERS' EQUITY Preferred stock without sinking fund 338,454 Common stock, $.01 par value, authorized 500,000,000 shares; issued 247,016,020 shares in 1999 2,470 Paid-in capital 4,634,412 Retained earnings 2,852,718 Accumulated other comprehensive loss, net of tax: Cumulative foreign currency translation adjustment (64,691) Less - treasury stock, at cost (3,721,974 shares in 1999) 112,489 ------------- TOTAL 7,650,874 ------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $23,397,826 ============= EX-99 4 EXHIBIT 2 page 3 of 5 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF INCOME For the Nine Months Ended September 30, 1999 (Unaudited) (In Thousands) OPERATING REVENUES Domestic electric $4,871,232 Natural gas 78,321 Steam products 15,550 Competitive businesses 2,055,758 ------------- TOTAL 7,020,861 ------------- OPERATING EXPENSES Operating and Maintenance: Fuel, fuel related expenses, and gas purchased for resale 1,478,055 Purchased power 2,190,481 Nuclear refueling outage expenses 56,414 Other operation and maintenance 1,181,559 Decommissioning 35,004 Taxes other than income taxes 259,149 Depreciation and amortization 523,165 Other regulatory charges - net 10,033 Amortization of rate deferrals 107,902 ------------- TOTAL 5,841,762 ------------- OPERATING INCOME 1,179,099 ------------- OTHER INCOME (DEDUCTIONS) Allowance for equity funds used during construction 20,636 Gain (loss) on sale of assets - net 61,888 Miscellaneous - net 74,975 ------------- TOTAL 157,499 ------------- INTEREST AND OTHER CHARGES Interest on long-term debt 359,310 Other interest - net 58,404 Distributions on preferred securities of subsidiaries 14,128 Allowance for borrowed funds used during construction (16,469) ------------- TOTAL 415,373 ------------- INCOME BEFORE INCOME TAXES 921,225 Income taxes 342,403 ------------- CONSOLIDATED NET INCOME 578,822 Preferred dividend requirements of subsidiaries and others 30,645 ------------- EARNINGS APPLICABLE TO COMMON STOCK $548,177 ============= Earnings per average common share: Basic and diluted $2.22 Dividends declared per common share $0.90 Average number of common shares outstanding: Basic 246,541,754 Diluted 247,095,210 EX-99 5 EXHIBIT 2 page 4 of 5 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS For The Nine Months Ended September 30, 1999 (Unaudited) (In Thousands) OPERATING ACTIVITIES Consolidated net income $578,822 Noncash items included in net income: Amortization of rate deferrals 107,902 Reserve for regulatory adjustments (13,156) Other regulatory charges 10,033 Depreciation, amortization, and decommissioning 558,169 Deferred income taxes and investment tax credits (180,764) Allowance for equity funds used during construction (20,636) (Gain) loss on sale of assets (61,888) Changes in working capital (Net of effects from dispositions): Receivables (383,339) Fuel inventory (28,551) Accounts payable 244,784 Taxes accrued 391,609 Interest accrued (39,348) Deferred fuel (169,347) Other working capital accounts 1,121 Decommissioning trust contributions and realized change in trust assets (45,847) Provision for estimated losses and reserves (31,995) Changes in other regulatory assets (33,766) Other 79,082 --------- Net cash flow provided by operating activities 962,885 --------- INVESTING ACTIVITIES Construction/capital expenditures (792,348) Allowance for equity funds used during construction 20,636 Nuclear fuel purchases (114,764) Proceeds from sale/leaseback of nuclear fuel 108,938 Proceeds from sale of businesses 351,082 Investment in other nonregulated/nonutility properties (80,864) Proceeds from notes receivable 956,356 Purchase of other temporary investments (468,653) Other 7,908 -------- Net cash flow used in investing activities (11,709) -------- EXHIBIT 2 page 5 of 5 ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS For The Nine Months Ended September 30, 1999 (Unaudited) (In Thousands) FINANCING ACTIVITIES Proceeds from the issuance of: First mortgage bonds 74,679 G&R mortgage bonds 124,192 Other long-term debt 585,051 Common stock 13,390 Retirement of: First mortgage bonds (345,887) G&R mortgage bonds (132,413) Other long-term debt (369,625) Repurchase of common stock (129,160) Redemption of preferred stock (77,958) Changes in short-term borrowings - net (285,500) Dividends paid: Preferred stock (31,340) Common stock (218,042) ---------- Net cash flow used in financing activities (792,613) ---------- Effect of exchange rates on cash and cash equivalents 1,340 ---------- Net increase (decrease) in cash and cash equivalents 159,903 Cash and cash equivalents at beginning of period 1,184,495 ---------- Cash and cash equivalents at end of period $1,344,398 ========== SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for: Interest - net of amount capitalized $447,054 Income taxes $155,426 Noncash investing and financing activities: Change in unrealized appreciation/(depreciation) of decommissioning trust assets $22,916 -----END PRIVACY-ENHANCED MESSAGE-----