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Exhibit 99(e) |
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Entergy New Orleans, 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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2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
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Fixed charges, as defined: |
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Total Interest |
$27,950 |
$17,786 |
$16,610 |
$13,555 |
$19,329 |
$29,047 |
Interest applicable to rentals |
1,043 |
910 |
644 |
426 |
527 |
327 |
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Total fixed charges, as defined |
28,993 |
18,696 |
17,254 |
13,981 |
19,856 |
29,374 |
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Preferred dividends, as defined (a) |
2,736 |
1,686 |
1,545 |
1,172 |
2,501 |
3,282 |
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Combined fixed charges and preferred dividends, as defined |
$31,729 |
$20,382 |
$18,799 |
$15,153 |
$22,357 |
$32,656 |
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Earnings as defined: |
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Net Income |
($230) |
$7,859 |
$28,072 |
$1,250 |
$5,344 |
4,095 |
Add: |
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Provision for income taxes: |
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Total |
(422) |
5,875 |
16,868 |
1,790 |
5,051 |
5,111 |
Fixed charges as above |
28,993 |
18,696 |
17,254 |
13,981 |
19,856 |
29,374 |
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Total earnings, as defined |
$28,341 |
$32,430 |
$62,194 |
$17,021 |
$30,251 |
$38,580 |
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Ratio of earnings to fixed charges, as defined |
0.98 |
1.73 |
3.60 |
1.22 |
1.52 |
1.31 |
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Ratio of earnings to combined fixed charges and |
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preferred dividends, as defined |
0.89 |
1.59 |
3.31 |
1.12 |
1.35 |
1.18 |
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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. |
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(b) For Entergy New Orleans, earnings for the twelve months ended December 31, 2001 were not adequate to cover fixed charges and combined fixed charges and preferred dividends by $6.6 million and $9.5 million, respectively. |
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(c) For Entergy New Orleans, earnings for the twelve months ended December 31, 2002 were not adequate to cover combined fixed charges and preferred dividends by $0.7 million and $3.4 million, respectively. |