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Exhibit 99(c) |
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Entergy Louisiana, Inc. |
Computation of Ratios of Earnings to Fixed Charges and |
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends |
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Twelve Months Ended |
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December 31, |
June 30, |
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2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
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Fixed charges, as defined: |
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Total Interest |
$111,743 |
$116,076 |
$100,667 |
$76,756 |
$74,141 |
$77,261 |
Interest applicable to rentals |
6,458 |
7,951 |
6,496 |
6,359 |
5,595 |
4,336 |
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Total fixed charges, as defined |
118,201 |
124,027 |
$107,163 |
$83,115 |
$79,736 |
$81,597 |
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Preferred dividends, as defined (a) |
16,102 |
12,374 |
10,647 |
$11,189 |
$10,899 |
$11,057 |
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Combined fixed charges and preferred dividends, as defined |
$134,303 |
$136,401 |
$117,810 |
$94,304 |
$90,635 |
$92,654 |
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Earnings as defined: |
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Net Income |
$162,679 |
$132,550 |
$144,709 |
$146,154 |
$127,495 |
$138,504 |
Add: |
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Provision for income taxes: |
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Total Taxes |
112,645 |
86,287 |
84,765 |
97,408 |
79,475 |
89,809 |
Fixed charges as above |
118,201 |
124,027 |
107,163 |
83,115 |
79,736 |
81,597 |
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Total earnings, as defined |
$393,525 |
$342,864 |
$336,637 |
$326,677 |
$286,706 |
$309,910 |
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Ratio of earnings to fixed charges, as defined |
3.33 |
2.76 |
3.14 |
3.93 |
3.60 |
3.80 |
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Ratio of earnings to combined fixed charges and |
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preferred dividends, as defined |
2.93 |
2.51 |
2.86 |
3.46 |
3.16 |
3.34 |
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(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. |