EX-12 14 0014.txt
Exhibit 12(b) Entergy Gulf States, Inc. Computation of Ratios of Earnings to Fixed Charges and Ratios of Earnings to Combined Fixed Charges and Preferred Dividends 1996 1997 1998 1999 2000 Fixed charges, as defined: Total Interest charges $193,890 $180,073 $178,220 $153,034 $158,949 Interest applicable to rentals 14,887 15,747 16,927 16,451 18,307 ------------------------------------------------ Total fixed charges, as defined 208,777 195,820 195,147 169,485 177,256 Preferred dividends, as defined (a) 48,690 30,028 32,031 29,355 15,742 ------------------------------------------------ Combined fixed charges and preferred dividends, as defined $257,467 $225,848 $227,178 $198,840 $192,998 ================================================ Earnings as defined: Income (loss) from continuing operations before extraordinary items and the cumulative effect of accounting changes ($3,887) $59,976 $46,393 $125,000 $180,343 Add: Income Taxes 102,091 22,402 31,773 75,165 103,603 Fixed charges as above 208,777 195,820 195,147 169,485 177,256 ------------------------------------------------ Total earnings, as defined (b) $306,981 $278,198 $273,313 $369,650 $461,202 ================================================ Ratio of earnings to fixed charges, as defined 1.47 1.42 1.40 2.18 2.60 ================================================ Ratio of earnings to combined fixed charges and preferred dividends, as defined 1.19 1.23 1.20 1.86 2.39 ================================================ (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. (b) Earnings for the year ended December 31, 1994, for GSU were not adequate to cover fixed charges combined fixed charges and preferred dividends by $144.8 million and $197.1 million, respectively.