8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date earliest event reported) June 3, 2008

Commission File Number	Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No.	Commission File Number	Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, and IRS Employer Identification No.
1-11299	ENTERGY CORPORATION (a Delaware corporation) 639 Loyola Avenue New Orleans, LA 70113 Telephone (504) 576-4000 72-1229752	1-31508	ENTERGY MISSISSIPPI, INC. (a Mississippi corporation) 308 East Pearl Street Jackson, Mississippi 39201 Telephone (601) 368-5000 64-0205830
1-10764	ENTERGY ARKANSAS, INC. (an Arkansas corporation) 425 West Capitol Avenue Little Rock, Arkansas 72201 Telephone (501) 377-4000 71-0005900	0-5807	ENTERGY NEW ORLEANS, INC. (a Louisiana corporation) 1600 Perdido Street, Building 529 New Orleans, Louisiana 70112 Telephone (504) 670-3700 72-0273040
333-148557	ENTERGY GULF STATES LOUISIANA, L.L.C. (a Louisiana limited liability company) 446 North Boulevard Baton Rouge, Louisiana 70802 Telephone (800) 368-3749 74-0662730	1-9067	SYSTEM ENERGY RESOURCES, INC. (an Arkansas corporation) Echelon One 1340 Echelon Parkway Jackson, Mississippi 39213 Telephone (601) 368-5000 72-0752777
1-32718	ENTERGY LOUISIANA, LLC (a Texas limited liability company) 446 North Boulevard Baton Rouge, LA 70802 Telephone (225) 381-5868 75-3206126

__________________________________________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

The information in this Current Report on Form 8-K under Item 7.01, including exhibit 99.1 listed below, is being furnished, not filed, pursuant to Regulation FD.

On June 3, 2008, Entergy Corporation published on its website its 2007 Investor Guide and Statistical Report. The Report sets forth a compilation of financial and operating data and other basic information about Entergy Corporation and its subsidiaries.  The complete text of this Report is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.	Description
99.1	2007 Investor Guide and Statistical Report.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Entergy Corporation
Entergy Arkansas, Inc.
Entergy Gulf States Louisiana, L.L.C.
Entergy Louisiana, LLC
Entergy Mississippi, Inc.
Entergy New Orleans, Inc.
System Energy Resources, Inc.

By: /s/ Theodore H. Bunting, Jr.
Theodore H. Bunting, Jr.
Senior Vice President and
Chief Accounting Officer

Dated: June 3, 2008

EX-99

As a corporation, Entergy seeks to unlock value by striving to continually deliver top-quartile total shareholder returns, create an accident-free workplace, be the cleanest power generator in America and contribute to a society that is healthy, productive and educated. Our aspiration to consistently deliver value to multiple stakeholders is in keeping with out strong belief in sustainable development. We have assembled the statistics and facts in this report to support your review and analysis of Entergy’s results over the last five years. This information is available in electronic form, with Excel spreadsheets, on our Web site at entergy.com/investor_relations, in order to facilitate easier access and analysis.

Entergy Investor Relations

ENTERGY CORPORATION is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, and it is the second–largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 14,300 employees.

TABLE OF CONTENTS

ABOUT THIS PUBLICATION	2
FORWARD-LOOKING INFORMATION	2
FINANCIAL MEASURES	2
ENTERGY AT A GLANCE	3 – 4
EXECUTIVE PROFILES	5 – 6
ENTERGY CORPORATION AND SUBSIDIARIES
Selected Financial and Operating Data	7
Selected Financial Data	7
Utility Electric Operating Data	7
Employees	7
Owned and Leased Capability	7
Consolidated Quarterly Financial Metrics	8
Consolidated Annual Financial Metrics	8
Consolidated Financial Results	9
Consolidated Quarterly Results	9
Consolidated Quarterly Special Items	10
Consolidated Annual Results	11
Consolidated Annual Special Items	12
Description of Special Items	13
Consolidated Statements of Income	14
Consolidating Income Statement	15
Consolidated Balance Sheets	16 – 17
Consolidating Balance Sheet	18 – 19
Consolidated Statements of Cash Flow	20 – 21
Cash Flow Information by Business	21
Consolidated Statements of Retained Earnings, Comprehensive Income and Paid-In Capital	22
Consolidated Capital Expenditures	23
Entergy Corporation Securities Detail	23
Entergy Corporation Long-Term Debt	23
Securities Ratings (Outlook)	23
UTILITY
Utility Quarterly Financial Metrics	24
Utility Annual Financial Metrics	24
Utility Capital Expenditures	24
Utility Securities Ratings (Outlook)	24
Utility Financial Results	25
Utility/Parent/Other Consolidating Income Statement	25
Utility/Parent/Other Consolidating Balance Sheet	26 – 27
Utility Selected Annual Financial Metrics	28 – 29
Utility Securities Detail	30
Utility Long-Term Debt and Preferred Stock	30
Entergy Arkansas, Inc.	30
Entergy Gulf States Louisiana, L.L.C.	31
Entergy Louisiana, LLC.	32
Entergy Louisiana Holdings, Inc.	32
Entergy Mississippi, Inc.	33
Entergy New Orleans, Inc.	34
System Energy Resources, Inc.	34
Utility Statistical Information	35
Utility Total Capability	35
Utility Selected Operating Data	35
Utility Consolidating Information	36
Entergy Arkansas, Inc.	37 – 38
Entergy Gulf States Louisiana, L.L.C.	39 – 40
Entergy Louisiana, LLC.	41 – 42
Entergy Mississippi, Inc.	43 – 44
Entergy New Orleans, Inc.	45 – 46
System Energy Resources, Inc.	46
Utility Nuclear Plant Statistics	47
Utility Regulatory Information	48
Regulatory Commissions	48
Commission/Council Members	48
Select Utility Regulatory Mechanisms	49
Utility Electric and Gas Fuel Recovery Mechanisms	50
COMPETITIVE BUSINESSES
Total Capacity	51
ENTERGY NUCLEAR (NON-UTILITY)
Entergy Nuclear Quarterly Financial Metrics	51
Entergy Nuclear Annual Financial Metrics	51
Entergy Nuclear Quarterly Operational Metrics	51
Entergy Nuclear Annual Operational Metrics	51
Entergy Nuclear Plant Statistics	52
Entergy Nuclear Plant Uprates	52
Entergy Nuclear Securities Detail	53
NON-NUCLEAR WHOLESALE ASSETS
Non-Nuclear Wholesale Assets Plant Statistics	53
Non-Nuclear Wholesale Assets Securities Detail	53
DEFINITIONS OF OPERATIONAL MEASURES AND GAAP AND NON-GAAP FINANCIAL MEASURES	54
REG G RECONCILIATIONS
Pro Forma Financial Results	55 – 63
Financial Measures	64 – 73
INVESTOR INFORMATION	74

1

ABOUT THIS PUBLICATION

This publication is unaudited and should be used in conjunction with Entergy’s 2007 Annual Report to Shareholders and Form 10-K filed with the Securities and Exchange Commission. It has been prepared for information purposes and is not intended for use in connection with any sale or purchase of, or any offer to buy, any securities of Entergy Corporation or its subsidiaries.

FORWARD-LOOKING INFORMATION

In this report and from time to time, Entergy makes statements as a reporting company concerning its expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believes,” “intends,” “plans,” “predicts,” “estimates,” and similar expressions are intended to identify forward-looking statements but are not the only means to identify these statements. Although Entergy believes that these forward-looking statements and the underlying assumptions are reasonable, it cannot provide assurance that they will prove correct. Any forward-looking statement is based on information current as of the date of this report and speaks only as of the date on which such statement is made. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements involve a number of risks and uncertainties. There are factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including (a) those factors discussed or incorporated by reference in Entergy’s 2007 Annual Report on Form 10-K under (i) Item 1A. Risk Factors, (ii) Management’s Financial Discussion and Analysis, and (b) the following factors (in addition to others described elsewhere in this report and in subsequent securities filings):

• resolution of pending and future rate cases and negotiations, including various performance-based rate discussions and implementation of Texas restructuring legislation, and other regulatory proceedings, including those related to Entergy’s System Agreement, Entergy’s utility supply plan, recovery of storm costs, and recovery of fuel and purchased power costs

• changes in utility regulation, including the beginning or end of retail and wholesale competition, the ability to recover net utility assets and other potential stranded costs, the operations of the independent coordinator of transmission that includes Entergy’s utility service territory, and the application of more stringent transmission reliability requirements or market power criteria by the FERC

• changes in regulation of nuclear generating facilities and nuclear materials and fuel, including possible shutdown of nuclear generating facilities, particularly those in the Non-Utility Nuclear business

• resolution of pending or future applications for license extensions or modifications of nuclear generating facilities

• the performance of Entergy’s generating plants, and particularly the capacity factors at its nuclear generating facilities

• Entergy’s ability to develop and execute on a point of view regarding future prices of electricity, natural gas, and other energy-related commodities

• prices for power generated by Entergy’s unregulated generating facilities, the ability to hedge, sell power forward or otherwise reduce the market price risk associated with those facilities, including the Non-Utility Nuclear plants, and the prices and availability of fuel and power Entergy must purchase for its utility customers, and Entergy’s ability to meet credit support requirements for fuel and power supply contracts

• volatility and changes in markets for electricity, natural gas, uranium, and other energy-related commodities

• changes in law resulting from federal energy legislation

• changes in environmental, tax, and other laws, including requirements for reduced emissions of sulfur, nitrogen, carbon, mercury, and other substances

• uncertainty regarding the establishment of interim or permanent sites for spent nuclear fuel and nuclear waste storage and disposal

• variations in weather and the occurrence of hurricanes and other storms and disasters, including uncertainties associated with efforts to remediate the effects of Hurricanes Katrina and Rita and recovery of costs associated with restoration

• Entergy’s and its subsidiaries’ ability to manage their operation and maintenance costs

• Entergy’s ability to purchase and sell assets at attractive prices and on other attractive terms

• the economic climate, and particularly growth in Entergy’s service territory

• the effects of Entergy’s strategies to reduce tax payments

• changes in the financial markets, particularly those affecting the availability of capital and Entergy’s ability to refinance existing debt, execute its share repurchase program, and fund investments and acquisitions

• actions of rating agencies, including changes in the ratings of debt and preferred stock, changes in general corporate ratings, and changes in the rating agencies’ ratings criteria

• changes in inflation and interest rates

• the effect of litigation and government investigations

• advances in technology

• the potential effects of threatened or actual terrorism and war

• Entergy’s ability to attract and retain talented management and directors

• changes in accounting standards and corporate governance

• and the following transactional factors (in addition to others described elsewhere in this and in subsequent securities filings): (i) risks inherent in the contemplated Non-Utility Nuclear spin-off, joint venture and related transactions (including the level of debt incurred by the spun-off company and the terms and costs related thereto); (ii) legislative and regulatory actions; and (iii) conditions of the capital markets during the periods covered by the forward- looking statements. Entergy Corporation cannot provide any assurances that the spin-off or any of the proposed transactions related thereto will be completed, nor can it give assurances as to the terms on which such transactions will be consummated. The transaction is subject to certain conditions precedent, including regulatory approvals and the final approval by the Board.

FINANCIAL MEASURES

Financial performance measures shown in this report include those calculated and presented in accordance with generally accepted accounting principles (GAAP), as well as those that are considered non-GAAP measures. This report includes non-GAAP measures of operational earnings, operational return on average invested capital, operational return on average common or members’ equity, operational net margin, operational price to earnings ratio and operational common dividend payout ratio, as well as gross liquidity, net debt to net capital, net debt to net capital with off-balance sheet liabilities, pro forma financial results reflecting reconsolidation of Entergy New Orleans, Inc., and pro forma financial results and financial measures (average common equity, return on average common equity, debt to capital ratio, cash flow interest coverage) reflecting the jurisdictional separation of Entergy Gulf States, Inc. into Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc., when describing Entergy’s results of operations and financial performance. We have prepared reconciliations of these measures to the most directly comparable GAAP measures. Reconciliations can be found on pages 9, 11, and 55-73.

2

ENTERGY AT A GLANCE

CORPORATE STRUCTURE

CORPORATE PROFILE

Entergy Corporation is a Fortune 500 integrated energy company engaged primarily in electric power production and retail distribution operations.

• Approximately 30,000 MW electric generating capacity

• 2nd-largest U.S. nuclear generator

• 2.7 million utility customers

• More than $11 billion annual revenues

• Approximately 14,300 employees

• 97 electric generating units operated

BUSINESS SEGMENTS

Entergy’s five year results in this report are presented in three business segments:

• Utility

• Entergy Nuclear (non-utility nuclear business)

• Energy Commodity Services

Entergy Nuclear and Energy Commodity Services are referred to as Entergy’s Competitive Businesses.

Entergy-Koch, LP sold Entergy-Koch Trading and Gulf South Pipeline in the fourth quarter of 2004, and Entergy-Koch is no longer an operating entity.

3

BUSINESS SEGMENTS (CONTINUED)

UTILITY

Entergy’s utility companies generate, transmit, distribute, and sell electric power, and operate a small natural gas distribution business.

• Six electric utilities with 2.7 million customers

• Four states – Arkansas, Louisiana, Mississippi, Texas

• 22,000 MW generating capacity

• Two gas utilities with 178,000 customers

ENTERGY ARKANSAS, INC. (EAI)

Entergy Arkansas generates, transmits, distributes, and sells electric power to 684,000 retail customers in portions of Arkansas.

ENTERGY GULF STATES LOUISIANA, L.L.C. (EGSL)^(b)

Entergy Gulf States Louisiana generates, transmits, distributes, and sells electric power to 371,000 retail customers in portions of Louisiana. Entergy Gulf States Louisiana also provides natural gas utility service to 92,000 customers in the Baton Rouge, Louisiana area.

ENTERGY LOUISIANA, LLC (ELL)

Entergy Louisiana generates, transmits, distributes, and sells electric power to 655,000 retail customers in portions of Louisiana.

ENTERGY MISSISSIPPI, INC. (EMI)

Entergy Mississippi generates, transmits, distributes, and sells electric power to 432,000 retail customers in portions of Mississippi.

ENTERGY NEW ORLEANS, INC. (ENOI)^(a)

Entergy New Orleans generates, transmits, distributes, and sells electric power to 132,000 retail customers in the city of New Orleans, Louisiana. Entergy New Orleans also provides natural gas utility service to 86,000 customers in the City of New Orleans.

ENTERGY TEXAS, INC. (ETI)^(b)

Entergy Texas generates, transmits, distributes, and sells electric power to 394,000 retail customers in portions of Texas.

SYSTEM ENERGY RESOURCES, INC. (SERI)

System Energy owns and leases 90 percent of the Grand Gulf 1 nuclear generating facility. System Energy sells power and capacity from Grand Gulf 1 at wholesale to Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans.

UTILITY NUCLEAR PLANTS

Entergy owns and operates five nuclear units at four plant sites to serve its regulated utility business: Arkansas Nuclear One (ANO) Units 1 and 2 near Russelville, Arkansas; Grand Gulf Nuclear Station in Port Gibson, Mississippi; River Bend Station in St. Francisville, Louisiana; and Waterford 3 in Taft, Louisiana.

^(a) On September 23, 2005, Entergy New Orleans filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code to protect its customers and ensure continued progress in restoring power and gas service to New Orleans after Hurricane Katrina. As a result of the bankruptcy filing, Entergy discontinued the consolidation of Entergy New Orleans retroactive to January 1, 2005. Entergy New Orleans emerged from Chapter 11 bankruptcy effective May 8, 2007, pursuant to the Confirmation Order from the Bankruptcy Court confirming Entergy New Orleans’ Plan of Reorganization. With confirmation of the plan of reorganization, Entergy reconsolidated Entergy New Orleans in the second quarter 2007, retroactive to January 1, 2007.

^(b) Effective December 31, 2007, Entergy Gulf States, Inc. completed a jurisdictional separation into two vertically integrated utility companies, one operating under the sole retail jurisdiction of the PUCT, Entergy Texas, Inc., and the other operating under the sole retail jurisdiction of the LPSC, Entergy Gulf States Louisiana, L.L.C., Entergy Gulf States Louisiana, L.L.C. is the successor for financial reporting purposes to Entergy Gulf States, Inc.

ENTERGY NUCLEAR

Entergy’s non-utility nuclear business owns and operates six nuclear units in the northern United States. This business is primarily focused on selling power produced by those plants to wholesale customers. This business also provides operations and management services to nuclear power plants owned by other utilities in the United States.

• Six units in northern U.S.

• Pilgrim Nuclear Station in Plymouth, Massachusetts

• James A. FitzPatrick in Oswego, New York

• Indian Point Units 2 and 3 in Westchester County, New York

• Vermont Yankee in Vernon, Vermont

• Palisades Nuclear Energy Plant in South Haven, Michigan (acquired April 2007)

• 4,998 MW owned generating capacity

• 800 MW under management services contract

• Cooper Nuclear Station located near Brownville, Nebraska

• Contracts (ongoing and completed) with other nuclear owners to manage decommissioning for 2 plants and license renewal (in partnership with Areva) for 3 plants

ENEXUS ENERGY CORPORATION/EQUAGEN, L.L.C.

In November 2007, Entergy’s Board of Directors approved a plan to pursue a separation of the Non-Utility Nuclear business from Entergy through a tax-free spin-off of Non-Utility Nuclear to Entergy shareholders. Enexus will be a new, separate, and publicly-traded company. In addition, under the plan, Enexus and Entergy are expected to enter into a nuclear services business joint venture, EquaGen, with 50% ownership by Enexus and 50% ownership by Entergy.

Entergy expects that Enexus’ business will be substantially comprised of Non-Utility Nuclear’s assets, including its six nuclear units, and Non-Utility Nuclear’s power marketing operation. Entergy’s remaining business will primarily be comprised of the Utility business. EquaGen is expected to operate the nuclear assets owned by Enexus. EquaGen is also expected to offer nuclear services to third parties, including decommissioning, plant relicensing, and plant operations for the Cooper Nuclear Station and others.

Entergy is targeting around the end of the third quarter of 2008 as the effective date for the spin-off and nuclear services business joint venture transactions to be completed.

ENERGY COMMODITY SERVICES

The energy commodity services business includes Entergy-Koch and Entergy’s Non-Nuclear Wholesale Assets business. Entergy-Koch engaged in two major businesses: energy commodity marketing and trading through Entergy-Koch Trading, and gas transportation and storage through Gulf South Pipeline. Entergy-Koch sold both of these businesses in the fourth quarter of 2004, and Entergy-Koch is no longer an operating entity.

NON-NUCLEAR WHOLESALE ASSETS BUSINESS

Entergy’s Non-Nuclear Wholesale Assets business sells to wholesale customers the electric power produced by power plants that it owns or controls (1,578 net MW generating capacity) while it focuses on improving performance and exploring sales or restructuring opportunities for its power plants. Such opportunities are evaluated consistent with Entergy’s market-based point of view.

4

EXECUTIVE PROFILES

WAYNE LEONARD – CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Wayne Leonard became Entergy’s chairman and chief executive officer on August 1, 2006 after serving as chief executive officer since January 1, 1999. Leonard joined Entergy in April 1998 as president and chief operating officer of the company’s domestic business, and he assumed additional responsibility for international operations in August 1998. Under Leonard, Entergy has achieved the highest total shareholder return in the industry over the last nine years. In 2007, for the sixth consecutive year, Entergy was named to the Dow Jones Sustainability Index-World and the only U.S. company in the electricity sector listed. In 2005 and 2002, Entergy was honored to receive the electric power industry’s highest honor, the Edison Award, from the Edison Electric Institute. The Platts Global Energy Awards named Leonard 2003 CEO of the Year and Leonard has been a CEO of the Year finalist for the past seven consecutive years. Prior to joining Entergy, Leonard was president of Cinergy’s Energy Commodities Strategic Business Unit and president of Cinergy Capital Trading.

RICHARD SMITH – PRESIDENT AND CHIEF OPERATING OFFICER

Rick Smith became president and chief operating officer of Entergy Corporation in April 2007. He is responsible for oversight of Entergy Nuclear and Entergy Operations. Smith was previously group president, utility operations (January 2002). Smith joined Entergy in September 1999 as senior vice president, transition management and later served as president of retail operations. Prior to joining Entergy, Smith was president of Cinergy Resources, Inc., a non-regulated retail supply business. Prior to that, he served for three years as vice president of finance for Cinergy’s Energy Services business unit.

LEO DENAULT – EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

Leo Denault became executive vice president and chief financial officer in February 2004. He was previously vice president of corporate development and strategic planning. Denault joined Entergy in March 1999 as vice president, corporate development. Denault assumed responsibility for the areas of strategic planning, the Office of the Chief Risk Officer, and strategic pricing and transmission services in 2002. Prior to joining Entergy, Denault was vice president of corporate development at Cinergy Corporation, where he reviewed every major investment transaction, including the acquisition of generation, distribution and trading businesses in the United States and abroad.

GARY TAYLOR – GROUP PRESIDENT, UTILITY OPERATIONS

Gary Taylor became group president, utility operations in April 2007. He is responsible for the regulated utility financial results, along with operational results of electric and natural gas distribution and customer service. In addition, Taylor oversees utility regulatory support and regulated retail activities. He joined Entergy in March 2000 as chief operating officer of Entergy’s Nuclear South region and became chief executive officer of Entergy’s nuclear business in April 2003. Prior to joining Entergy, Taylor had been vice president of nuclear operations at South Carolina Electric & Gas Company, a subsidiary of SCANA Corporation, since 1995.

MICHAEL KANSLER – PRESIDENT AND CHIEF NUCLEAR OFFICER, ENTERGY NUCLEAR

Mike Kansler became president and chief nuclear officer of Entergy Nuclear in April 2007. He is responsible for all of Entergy’s nuclear plants located throughout New York, Massachusetts, Vermont, Michigan, Louisiana, Mississippi and Arkansas, as well as the company’s management of the Cooper Nuclear Station for the State of Nebraska. Kansler was previously president of Entergy Nuclear Northeast (January 2003) and chief operating officer of Entergy Nuclear Northeast (January 2000). Kansler joined Entergy in 1998 as vice president of operations support, overseeing consolidated support functions for all five of Entergy’s regulated nuclear power units. Prior to joining Entergy, Kansler spent more than 20 years at Virginia Power (now Dominion Resources).

CURT HÉBERT – EXECUTIVE VICE PRESIDENT, EXTERNAL AFFAIRS

Curt Hébert joined Entergy as executive vice president, external affairs in September 2001 after a lengthy career as a government energy regulator at both the federal and state levels. His responsibilities include supervision of the company’s system and federal government relations, system regulatory affairs, external and internal communications, and corporate contribution functions. Prior to joining Entergy, Hébert was chairman of the Federal Energy Regulatory Commission. During Hébert’s four years of service as a member and later chairman, FERC was active in the restructuring of the electric utility and natural gas pipeline industries to promote competition.

MARK SAVOFF – EXECUTIVE VICE PRESIDENT, OPERATIONS

Mark Savoff joined Entergy as executive vice president, operations in December 2003. He is responsible for the business operations of fossil generation, transmission operations, system safety and environment, supply chain, system planning, and performance management. Prior to joining Entergy, Savoff was vice president and corporate officer at GE Power Systems, Nuclear Energy. Before assuming his role as vice president, Nuclear Energy, he was General Manager of GE’s global nuclear fuel business and led the turnaround of GE’s global nuclear services business. He also served as president, Reuter-Stokes, a GE subsidiary.

5

UTILITY OPERATING COMPANY PRESIDENTS

RENAE CONLEY – PRESIDENT & CEO, ENTERGY LOUISIANA AND ENTERGY GULF STATES LOUISIANA

Renae Conley became president and CEO of Entergy Louisiana and Entergy Gulf States Louisiana in mid-2000. She is responsible for the Louisiana utilities’ electric and gas distribution systems, customer service, economic development, regulatory and governmental affairs. Prior to joining Entergy in 1999 as vice president of investor relations, Conley was president of The Cincinnati Gas & Electric Company, a subsidiary of Cinergy Corp. Conley also served as president and CEO of Cadence, a joint venture of Cinergy and other utilities that provides energy management services. At Cinergy, Conley was also general manager of corporate communications and investor relations.

JOE DOMINO – PRESIDENT & CEO, ENTERGY TEXAS

Joe Domino became president and CEO of Entergy Texas in 1998. He is responsible for Entergy Texas’ electric distribution system, customer service, economic development, regulatory and governmental affairs. Prior to being named president, he served as director of Entergy’s distribution operations in Texas and Southwest Louisiana. Domino joined Gulf States Utilities in 1970 as a planning engineer and was appointed director of Southern Region fossil plants in 1994.

HUGH McDONALD – PRESIDENT & CEO, ENTERGY ARKANSAS

Hugh McDonald became president and CEO of Entergy Arkansas in spring 2000. He is responsible for Entergy Arkansas’ electric distribution system, customer service, economic development, regulatory and governmental affairs. Prior to becoming Entergy Arkansas’ president, he led Entergy’s Retail Operations. McDonald joined Entergy in 1982 at the Waterford 3 nuclear plant. In 1989, he became executive assistant to the chairman of Entergy Louisiana/Entergy New Orleans and then led Entergy Louisiana’s Total Quality initiative until 1993. During Entergy’s merger with Gulf States Utilities, McDonald served as the special projects director for the functional integration of the transmission, distribution, and customer service organizations. McDonald has also held the positions of division manager for Entergy Mississippi and director of regulatory affairs, Entergy Texas.

CAROLYN SHANKS – PRESIDENT & CEO, ENTERGY MISSISSIPPI

Carolyn Shanks became president and CEO of Entergy Mississippi in July 1999. She is responsible for Entergy Mississippi’s electric distribution system, customer service, economic development, regulatory and governmental affairs. Shanks joined Entergy in 1983 as an accountant with Entergy Mississippi and later transferred to System Energy Resources, Inc., the subsidiary responsible for the operations of Grand Gulf Nuclear Station. In 1994, she was named director of business services for Entergy Operations, Inc., the subsidiary that manages Entergy’s five nuclear power plants in its retail electric service area. Shanks became vice president, finance and administration of Entergy Nuclear in February 1997.

ROD WEST – PRESIDENT & CEO, ENTERGY NEW ORLEANS

Rod West became president and CEO of Entergy New Orleans on January 1, 2007. He is responsible for Entergy New Orleans’ electric distribution system, customer service, economic development, regulatory and governmental affairs. West was previously director of Entergy New Orleans’ metro distribution operations. West’s primary responsibility during 2006 was restoring New Orleans’ electric distribution system after the devastation brought by Hurricane Katrina. Prior to joining Entergy in April 1999 as senior regulatory counsel, West was senior attorney in the New Orleans office of Vial, Hamilton, Koch and Knox, L.L.P, having previously spent five years with the New Orleans-based firm of Jones, Walker, Waechter, Poitevent, Carrere & Denegre, L.L.P.

6

CONSOLIDATED SELECTED DATA

CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA

SELECTED FINANCIAL AND OPERATING DATA

SELECTED FINANCIAL DATA

	2007			2006(a)			2005(a)			2004			2003
	(In millions, except percentages, per share amounts, and ratios)
GAAP MEASURES
Operating Revenues	$	11,484		$	10,932		$	10,106		$	9,686		$	9,033
As-Reported Earnings	$	1,135		$	1,133		$	898		$	910		$	927
As-Reported Earnings Per Share	$	5.60		$	5.36		$	4.19		$	3.93		$	4.01
Shares of Common Stock Outstanding:
End of Year		193.1			202.7			207.5			216.8			228.9
Weighted Average – Diluted		202.8			211.5			214.4			231.2			231.1
Return on Average Invested Capital – As-Reported		8.3	%		8.5	%		7.2	%		7.3	%		7.4	%
Return on Average Common Equity – As-Reported		14.1	%		14.2	%		11.2	%		10.7	%		11.2	%
Net Cash Flow Provided by Operating Activities	$	2,560		$	3,448		$	1,468		$	2,929		$	2,006
Year-End Closing Market Price Per Share of Common Stock	$	119.52		$	92.32		$	68.65		$	67.59		$	57.13
Book Value Per Share at End of Year	$	40.71		$	40.45		$	37.31		$	38.25		$	38.02
Market Value of Equity at End of Year	$	23,082		$	18,710		$	14,247		$	14,655		$	13,077
Price to Earnings Ratio – As-Reported		21.34			17.24			16.39			17.18			14.25
Common Dividend Paid Per Share	$	2.58		$	2.16		$	2.16		$	1.89		$	1.60
Common Dividend Payout Ratio – As-Reported		46	%		40	%		52	%		48	%		40	%
NON-GAAP MEASURES
Operational Earnings	$	1,167		$	998		$	943		$	880		$	982
Operational Earnings Per Share	$	5.76		$	4.72		$	4.40		$	3.80		$	4.25
Special Items Per Share	$	(0.16	)	$	0.64		$	(0.21	)	$	0.13		$	(0.24	)
Return on Average Invested Capital – Operational		8.5	%		7.7	%		7.5	%		7.1	%		7.7	%
Return on Average Common Equity – Operational		14.5	%		12.5	%		11.8	%		10.4	%		11.9	%
Price to Earnings Ratio – Operational		20.75			19.56			15.61			17.77			13.45
Common Dividend Payout Ratio – Operational		45	%		46	%		49	%		50	%		38	%

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

UTILITY ELECTRIC OPERATING DATA^(a)

	2007	2006	2005	2004	2003
Retail Kilowatt-Hour Sales (millions)	102,013	100,422	99,865	102,225	99,968
Peak Demand (megawatts)	22,001	20,887	21,391	21,174	20,162
Retail Customers – Year End (thousands)	2,668	2,595	2,629	2,662	2,631

^(a) Includes Entergy New Orleans, Inc.

EMPLOYEES

	2007	2006	2005	2004	2003
Total Employees – Year End	14,322	13,814	14,136	14,425	14,773

OWNED AND LEASED CAPABILITY (MW)^(a)

	Entergy Arkansas	Entergy Gulf States Louisiana	Entergy Louisiana	Entergy Mississippi	Entergy New Orleans	Entergy Texas	System Entergy	Entergy Nuclear	Non- Nuclear Wholesale(c)	Total
Gas/Oil	1,371	2,623	4,814	2,887	760	2,273	—	—	1,317	16,045
Coal	1,198	360	—	420	—	266	—	—	181	2,425
Total Fossil	2,569	2,983	4,814	3,307	760	2,539	—	—	1,498	18,470
Nuclear	1,838	970	1,157	—	—	—	1,141	4,998	—	10,104
Other(b)	67	—	—	—	—	—	—	—	80	147
Total	4,474	3,953	5,971	3,307	760	2,539	1,141	4,998	1,578	28,721

^(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

^(b) Other includes Hydro and Wind.

^(c) Reflects nameplate rating of generating unit.

7

CONSOLIDATED SELECTED DATA

CONSOLIDATED ENTERGY CORPORATION AND SUBSIDIARIES DATA

CONSOLIDATED QUARTERLY FINANCIAL METRICS

	2007					2006(a)					YTD % CHANGE
	1Q	2Q	3Q	4Q	YTD	1Q	2Q	3Q	4Q	YTD
GAAP MEASURES
As-Reported Earnings ($ millions)	212.2	267.6	461.2	193.9	1,134.8	193.6	281.8	388.9	268.3	1,132.6	0.2
Return on Average Invested Capital – As-Reported (%)*	8.4	8.2	8.6	8.3	8.3	7.3	7.3	7.5	8.5	8.5	(2.4	)
Return on Average Common Equity – As-Reported (%)*	14.5	14.2	14.6	14.1	14.1	11.5	11.3	11.6	14.2	14.2	(0.7	)
Net Margin – As-Reported (%)*	10.2	10.0	10.7	9.9	9.9	8.7	8.5	8.6	10.4	10.4	(4.8	)
Cash Flow Interest Coverage (# times)*	6.1	5.8	5.3	5.0	5.0	5.0	5.2	6.0	7.2	7.2	(30.6	)
Revolver Capacity ($ millions)	2,170	1,650	1,804	1,730	1,730	2,718	2,710	3,095	2,770	2,770	(37.5	)
Total Debt ($ millions)	10,100	10,936	11,194	11,123	11,123	9,329	9,402	9,054	9,356	9,356	18.9
Debt to Capital Ratio (%)	55.2	57.3	57.3	57.6	57.6	52.1	52.4	50.4	52.3	52.3	10.1
Off-Balance Sheet Liabilities ($ millions)	668	664	662	658	658	732	671	668	665	665	(1.1	)
NON-GAAP MEASURES
Operational Earnings ($ millions)	212.2	267.6	461.2	225.9	1,166.9	190.2	258.0	382.6	166.9	997.7	17.0
Return on Average Invested Capital – Operational (%)*	7.7	7.6	8.1	8.5	8.5	7.5	7.4	7.5	7.7	7.7	10.4
Return on Average Common Equity – Operational (%)*	12.8	12.9	13.4	14.5	14.5	12.0	11.5	11.6	12.5	12.5	16.0
Net Margin – Operational (%)*	9.0	9.1	9.8	10.2	10.2	9.1	8.6	8.6	9.1	9.1	12.1
Total Gross Liquidity ($ millions)	3,270	2,970	3,271	3,003	3,003	3,470	3,439	3,840	3,786	3,786	(21.2	)
Net Debt to Net Capital Ratio (%)	52.3	54.1	53.9	54.7	54.7	50.0	50.4	48.3	49.4	49.4	10.7
Net Debt Ratio Including Off-Balance Sheet Liabilities (%)	54.1	55.8	55.5	56.2	56.2	52.1	52.2	50.2	51.3	51.3	9.7

^(a) 2006 reflects deconsolidation of Entergy New Orleans, Inc.

* Trailing twelve months. Totals may not foot due to rounding.

CONSOLIDATED ANNUAL FINANCIAL METRICS

	2007	2006(a)	2005(a)	2004	2003
GAAP MEASURES
As-Reported Earnings ($ millions)	1,135	1,133	898	910	927
Return on Average Invested Capital – As-Reported (%)	8.3	8.5	7.2	7.3	7.4
Return on Average Common Equity – As-Reported (%)	14.1	14.2	11.2	10.7	11.2
Net Margin – As-Reported (%)	9.9	10.4	8.9	9.4	10.3
Cash Flow Interest Coverage (# times)	5.0	7.2	4.0	7.1	5.1
Revolver Capacity ($ millions)	1,730	2,770	2,545	1,490	1,553
Total Debt ($ millions)	11,123	9,356	9,288	7,807	8,182
Debt to Capital Ratio (%)	57.6	52.3	53.1	47.4	47.5
Off-Balance Sheet Liabilities ($ millions)
Debt of Joint Ventures – Entergy’s Share	135	146	214	173	414
Leases – Entergy’s Share	523	519	564	596	501
Total	658	665	778	769	915
NON-GAAP MEASURES
Operational Earnings ($ millions)	1,167	998	943	880	982
Return on Average Invested Capital – Operational (%)	8.5	7.7	7.5	7.1	7.7
Return on Average Common Equity – Operational (%)	14.5	12.5	11.8	10.4	11.9
Net Margin – Operational (%)	10.2	9.1	9.3	9.1	10.9
Total Gross Liquidity ($ millions)	3,003	3,786	3,128	2,110	2,060
Net Debt to Net Capital Ratio (%)	54.7	49.4	51.5	45.3	45.9
Net Debt Ratio Including Off-Balance Sheet Liabilities (%)	56.2	51.3	53.7	47.9	48.7

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

8

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

ENTERGY CORPORATION CONSOLIDATED QUARTERLY RESULTS – GAAP TO NON-GAAP RECONCILIATION

	2007									2006									YTD CHANGE
	1Q		2Q	3Q		4Q		YTD		1Q		2Q	3Q		4Q		YTD
	($/share)
AS-REPORTED
Utility/Parent/Other	0.44		0.59	1.52		0.12		2.67		0.54		1.00	1.35		1.08		3.97		(1.30	)
Competitive Businesses
Entergy Nuclear	0.62		0.54	0.80		0.70		2.66		0.39		0.30	0.50		0.27		1.46		1.20
Energy Commodity Services
Non-Nuclear Wholesale Assets	(0.03	)	0.19	(0.02	)	0.14		0.27		(0.01	)	0.03	(0.02	)	(0.08	)	(0.07	)	0.34
Total Energy Commodity Services	(0.03	)	0.19	(0.02	)	0.14		0.27		(0.01	)	0.03	(0.02	)	(0.08	)	(0.07	)	0.34
Total Competitive Businesses	0.59		0.73	0.78		0.84		2.93		0.38		0.33	0.48		0.19		1.39		1.54
Consolidated As-reported Earnings	1.03		1.32	2.30		0.96		5.60		0.92		1.33	1.83		1.27		5.36		0.24
LESS SPECIAL ITEMS
Utility/Parent/Other	—		—	—		(0.07	)	(0.07	)	0.02		0.11	0.03		0.61		0.77		(0.84	)
Competitive Businesses
Entergy Nuclear	—		—	—		(0.09	)	(0.09	)	—		—	—		—		—		(0.09	)
Energy Commodity Services
Non-Nuclear Wholesale Assets	—		—	—		—		—		—		—	—		(0.13	)	(0.13	)	0.13
Total Energy Commodity Services	—		—	—		—		—		—		—	—		(0.13	)	(0.13	)	0.13
Total Competitive Businesses	—		—	—		(0.09	)	(0.09	)	—		—	—		(0.13	)	(0.13	)	0.04
Total Special Items	—		—	—		(0.16	)	(0.16	)	0.02		0.11	0.03		0.48		0.64		(0.80	)
OPERATIONAL
Utility/Parent/Other	0.44		0.59	1.52		0.19		2.74		0.52		0.89	1.32		0.47		3.20		(0.46	)
Competitive Businesses
Entergy Nuclear	0.62		0.54	0.80		0.79		2.75		0.39		0.30	0.50		0.27		1.46		1.29
Energy Commodity Services
Non-Nuclear Wholesale Assets	(0.03	)	0.19	(0.02	)	0.14		0.27		(0.01	)	0.03	(0.02	)	0.05		0.06		0.21
Total Energy Commodity Services	(0.03	)	0.19	(0.02	)	0.14		0.27		(0.01	)	0.03	(0.02	)	0.05		0.06		0.21
Total Competitive Businesses	0.59		0.73	0.78		0.93		3.02		0.38		0.33	0.48		0.32		1.52		1.50
Consolidated Operational Earnings	1.03		1.32	2.30		1.12		5.76		0.90		1.22	1.80		0.79		4.72		1.04
Weather Impact	(0.02	)	0.01	0.06		0.06		0.11		(0.06	)	0.07	0.06		—		0.07		0.04
SHARES OF COMMON STOCK OUTSTANDING (in millions)
End of Period	197.8		196.1	194.3		193.1		193.1		207.9		208.1	208.6		202.7		202.7		(9.6	)
Weighted Average - Diluted	206.1		203.4	200.5		200.9		202.8		211.4		211.6	212.4		210.6		211.5		(8.7	)

Totals may not foot due to rounding and accretion from share repurchase program.

9

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

ENTERGY CORPORATION CONSOLIDATED QUARTERLY SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)

	2007							2006									YTD CHANGE
	1Q	2Q	3Q	4Q		YTD		1Q		2Q	3Q		4Q		YTD
	($/share)
UTILITY/PARENT/OTHER SPECIAL ITEMS
Nuclear alignment	—	—	—	(0.07	)	(0.07	)	—		—	—		—		—		(0.07	)
ENOI results	—	—	—	—		—		0.03		0.05	0.03		(0.09	)	0.02		(0.02	)
Entergy-Koch, LP gain	—	—	—	—		—		—		—	—		0.26		0.26		(0.26	)
Restructuring-Entergy-Koch, LP distribution	—	—	—	—		—		—		—	—		0.49		0.49		(0.49	)
Retail business discontinued operations	—	—	—	—		—		(0.01	)	0.06	—		(0.05	)	—		—
Total	—	—	—	(0.07	)	(0.07	)	0.02		0.11	0.03		0.61		0.77		(0.84	)
COMPETITIVE BUSINESSES SPECIAL ITEMS
Entergy Nuclear
Nuclear alignment	—	—	—	(0.09	)	(0.09	)	—		—	—		—		—		(0.09	)
Energy Commodity Services
Non-Nuclear Wholesale Assets
Write-off of tax capital losses	—	—	—	—		—		—		—	—		(0.13	)	(0.13	)	0.13
Total	—	—	—	(0.09	)	(0.09	)	—		—	—		(0.13	)	(0.13	)	0.04
TOTAL SPECIAL ITEMS	—	—	—	(0.16	)	(0.16	)	0.02		0.11	0.03		0.48		0.64		(0.80	)
	2007							2006									YTD CHANGE
	1Q	2Q	3Q	4Q		YTD		1Q		2Q	3Q		4Q		YTD
	($ millions)
UTILITY/PARENT/OTHER SPECIAL ITEMS
Nuclear alignment	—	—	—	(13.6	)	(13.6	)	—		—	—		—		—		(13.6	)
ENOI results	—	—	—	—		—		5.6		10.7	7.3		(19.6	)	4.1		(4.1	)
Entergy-Koch, LP gain	—	—	—	—		—		—		—	—		55.0		55.0		(55.0	)
Restructuring-Entergy-Koch, LP distribution	—	—	—	—		—		—		—	—		104.0		104.0		(104.0	)
Retail business discontinued operations	—	—	—	—		—		(2.2	)	13.1	(1.0	)	(10.3	)	(0.5	)	0.5
Total	—	—	—	(13.6	)	(13.6	)	3.4		23.8	6.3		129.1		162.6		(176.2	)
COMPETITIVE BUSINESSES SPECIAL ITEMS
Entergy Nuclear	—	—	—	—		—		—		—	—		—		—		—
Nuclear alignment	—	—	—	(18.4	)	(18.4	)	—		—	—		—		—		(18.4	)
Energy Commodity Services
Non-Nuclear Wholesale Assets	—	—	—	—		—		—		—	—		—		—		—
Write-off of tax capital losses	—	—	—	—		—		—		—	—		(27.7	)	(27.7	)	27.7
Total	—	—	—	(18.4	)	(18.4	)	—		—	—		(27.7	)	(27.7	)	9.3
TOTAL SPECIAL ITEMS	—	—	—	(32.0	)	(32.0	)	3.4		23.8	6.3		101.4		134.9		(166.9	)

Totals may not foot due to rounding and accretion from share repurchase program.

10

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

ENTERGY CORPORATION CONSOLIDATED ANNUAL RESULTS – GAAP TO NON-GAAP RECONCILIATION

	2007		2006		2005		2004		2003
	($/share)
AS-REPORTED
Utility/Parent/Other	2.67		3.97		2.82		2.86		1.93
Competitive Businesses
Entergy Nuclear	2.66		1.46		1.32		1.06		1.30
Energy Commodity Services
Non-Nuclear Wholesale Assets	0.27		(0.07	)	0.05		0.23		(0.10	)
Entergy-Koch Trading	—		—		—		(0.35	)	0.80
Gulf South Pipeline	—		—		—		0.13		0.08
Total Energy Commodity Services	0.27		(0.07	)	0.05		0.01		0.78
Total Competitive Businesses	2.93		1.39		1.37		1.07		2.08
Consolidated As-reported Earnings	5.60		5.36		4.19		3.93		4.01
LESS SPECIAL ITEMS
Utility/Parent/Other	(0.07	)	0.77		(0.21	)	0.07		(0.69	)
Competitive Businesses
Entergy Nuclear	(0.09	)	—		—		—		0.45
Energy Commodity Services
Non-Nuclear Wholesale Assets	—		(0.13	)	—		0.28		—
Entergy-Koch Trading	—		—		—		(0.35	)	—
Gulf South Pipeline	—		—		—		0.13		—
Total Energy Commodity Services	—		(0.13	)	—		0.06		—
Total Competitive Businesses	(0.09	)	(0.13	)	—		0.06		0.45
Total Special Items	(0.16	)	0.64		(0.21	)	0.13		(0.24	)
OPERATIONAL
Utility/Parent/Other	2.74		3.20		3.03		2.79		2.62
Competitive Businesses
Entergy Nuclear	2.75		1.46		1.32		1.06		0.85
Energy Commodity Services
Non-Nuclear Wholesale Assets	0.27		0.06		0.05		(0.05	)	(0.10	)
Entergy-Koch Trading	—		—		—		—		0.80
Gulf South Pipeline	—		—		—		—		0.08
Total Energy Commodity Services	0.27		0.06		0.05		(0.05	)	0.78
Total Competitive Businesses	3.02		1.52		1.37		1.01		1.63
Consolidated Operational Earnings	5.76		4.72		4.40		3.80		4.25
Weather Impact	0.11		0.07		0.10		(0.11	)	(0.05	)

11

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

ENTERGY CORPORATION CONSOLIDATED ANNUAL SPECIAL ITEMS (Shown as Positive/(Negative) Impact on Earnings)

	2007		2006		2005		2004		2003
	($/share)
UTILITY/PARENT/OTHER SPECIAL ITEMS
Nuclear alignment	(0.07	)	—		—		—		—
ENOI results	—		0.02		—		—		—
Entergy-Koch, LP gain	—		0.26		—		—		—
Restructuring – Entergy-Koch, LP distribution	—		0.49		—		—		—
Retail business impairment reserve	—		—		(0.12	)	—		—
Retail business discontinued operations	—		—		(0.09	)	—		—
Tax benefits – Entergy-Koch investment	—		—		—		0.07		—
River Bend loss provision	—		—		—		—		(0.29	)
SFAS 143 implementation	—		—		—		—		(0.09	)
Voluntary severance plan	—		—		—		—		(0.31	)
Total	(0.07	)	0.77		(0.21	)	0.07		(0.69	)
COMPETITIVE BUSINESSES SPECIAL ITEMS
Entergy Nuclear
Nuclear alignment	(0.09	)	—		—		—		—
SFAS 143 implementation	—		—		—		—		0.67
Voluntary severance plan	—		—		—		—		(0.22	)
Energy Commodity Services
Non-Nuclear Wholesale Assets write-off of tax capital losses	—		(0.13	)	—		—		—
Entergy-Koch Trading earnings	—		—		—		(0.35	)	—
Gulf South Pipeline earnings	—		—		—		0.13		—
Tax benefits on restructuring	—		—		—		0.41		—
Asset impairment reserve	—		—		—		(0.15	)	—
Reduction in asset sale reserves	—		—		—		0.02		—
Gain (loss) on disposition of assets	—		—		—		—		—
Total	(0.09	)	(0.13	)	—		0.06		0.45
TOTAL SPECIAL ITEMS	(0.16	)	0.64		(0.21	)	0.13		(0.24	)
	2007		2006		2005		2004		2003
	($ millions)
UTILITY/PARENT/OTHER SPECIAL ITEMS
Nuclear alignment	(13.6	)	—		—		—		—
ENOI results	—		4.1		—		—		—
Entergy-Koch, LP gain	—		55.0		—		—		—
Restructuring – Entergy-Koch, LP distribution	—		104.0		—		—		—
Retail business impairment reserve	—		—		(25.8	)	—		—
Retail business discontinued operations	—		(0.5	)	(18.9	)	—		—
Tax benefits – Entergy-Koch investment	—		—		—		16.7		—
River Bend loss provision	—		—		—		—		(65.6	)
SFAS 143 implementation	—		—		—		—		(21.3	)
Voluntary severance plan	—		—		—		—		(71.0	)
Total	(13.6	)	162.6		(44.7	)	16.7		(157.9	)
COMPETITIVE BUSINESSES SPECIAL ITEMS
Entergy Nuclear
Nuclear alignment	(18.4	)	—		—		—		—
SFAS 143 implementation	—		—		—		—		154.4
Voluntary severance plan	—		—		—		—		(51.8	)
Energy Commodity Services
Non-Nuclear Wholesale Assets write-off of tax capital losses	—		(27.7	)	—		—		—
Entergy-Koch Trading earnings	—		—		—		(79.4	)	—
Gulf South Pipeline earnings	—		—		—		29.3		—
Tax benefits on restructuring	—		—		—		93.6		—
Asset impairment reserve	—		—		—		(35.8	)	—
Reduction in asset sale reserves	—		—		—		5.6		—
Gain (loss) on disposition of assets	—		—		—		—		0.7
Total	(18.4	)	(27.7	)	—		13.3		103.3
TOTAL SPECIAL ITEMS	(32.0	)	134.9		(44.7	)	30.0		(54.6	)

12

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

DESCRIPTION OF ENTERGY CORPORATION CONSOLIDATED SPECIAL ITEMS

UTILITY/PARENT/OTHER SPECIAL ITEMS	Main Earnings Category
Nuclear alignment	Operating expenses: Other operation and maintenance
ENOI results	Other income: equity in earnings (loss) of unconsolidated equity affiliates
Entergy-Koch, LP gain	Other income: equity in earnings (loss) of unconsolidated equity affiliates
Restructuring – Entergy-Koch, LP distribution	Income taxes
Retail business impairment reserve	Discontinued operations
Retail business discontinued operations	Discontinued operations
Tax benefits – Entergy-Koch investment	Income taxes
River Bend loss provision	Other income: miscellaneous-net
SFAS 143 implementation	Cumulative effect of accounting changes
Voluntary severance plan	Operating expenses: Other operation and maintenance
COMPETITIVE BUSINESSES SPECIAL ITEMS
Entergy Nuclear
Nuclear alignment	Operating expenses: Other operation and maintenance
SFAS 143 implementation	Cumulative effect of accounting changes
Voluntary severance plan	Operating expenses: Other operation and maintenance
Energy Commodity Services
Non-Nuclear Wholesale Assets write-off of tax capital losses	Income taxes
Entergy-Koch Trading earnings	Other income: equity in earnings (loss) of unconsolidated equity affiliates
Gulf South Pipeline earnings	Other income: equity in earnings (loss) of unconsolidated equity affiliates
Tax benefits on restructuring	Income taxes
Asset impairment reserve	Operating expenses: Provision for turbine commitments, asset impairments and restructuring charges
Reduction in asset sale reserves	Operating expenses: Provision for turbine commitments, asset impairments and restructuring charges
Gain (loss) on disposition of assets	Operating expenses: Provision for turbine commitments, asset impairments and restructuring charges

13

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

CONSOLIDATED STATEMENTS OF INCOME

	2007			2006(a)			2005(a)			2004			2003
	In thousands, except share data, for the years ended December 31,
OPERATING REVENUES:
Electric	$	9,046,301		$	9,063,135		$	8,446,830		$	7,932,577		$	7,397,175
Natural gas		206,073			84,230			77,660			208,499			186,176
Competitive businesses		2,232,024			1,784,793			1,581,757			1,544,445			1,449,363
Total		11,484,398			10,932,158			10,106,247			9,685,521			9,032,714
OPERATING EXPENSES:
Operating and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale		2,934,833			3,144,073			2,176,015			2,488,208			1,987,217
Purchased power		1,986,950			2,138,237			2,521,247			1,701,610			1,579,057
Nuclear refueling outage expenses		180,971			169,567			162,653			166,072			159,995
Provision for turbine commitments, asset impairments, and restructuring charges		—			—			—			55,000			(7,743	)
Other operation and maintenance		2,649,654			2,335,364			2,122,206			2,268,332			2,423,951
Decommissioning		167,898			145,884			143,121			149,529			146,100
Taxes other than income taxes		489,058			428,561			382,521			403,635			402,571
Depreciation and amortization		963,712			887,792			856,377			893,574			849,771
Other regulatory charges (credits) – net		54,954			(122,680	)		(49,882	)		(90,611	)		(13,761	)
Total		9,428,030			9,126,798			8,314,258			8,035,349			7,527,158
OPERATING INCOME		2,056,368			1,805,360			1,791,989			1,650,172			1,505,556
OTHER INCOME:
Allowance for equity funds used during construction		42,742			39,894			45,736			39,582			42,710
Interest and dividend income		233,997			198,835			150,479			109,635			87,334
Equity in earnings (loss) of unconsolidated equity affiliates		3,176			93,744			985			(78,727	)		271,647
Miscellaneous – net		(24,860	)		16,114			14,251			55,509			(76,376	)
Total		255,055			348,587			211,451			125,999			325,315
INTEREST AND OTHER CHARGES:
Interest on long-term debt		506,089			498,451			440,334			463,384			485,964
Other interest – net		155,995			75,502			64,646			40,133			52,868
Allowance for borrowed funds used during construction		(25,032	)		(23,931	)		(29,376	)		(25,741	)		(33,191	)
Preferred dividend requirements and other		25,105			27,783			25,427			23,525			23,524
Total		662,157			577,805			501,031			501,301			529,165
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES		1,649,266			1,576,142			1,502,409			1,274,870			1,301,706
Income taxes		514,417			443,044			559,284			365,305			497,433
INCOME FROM CONTINUING OPERATIONS BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES		1,134,849			1,133,098			943,125			909,565			804,273
LOSS FROM DISCONTINUED OPERATIONS (net of income tax expense (benefit) of $67, $(24,051), $603, $(7,359) respectively)		—			(496	)		(44,794	)		(41	)		(14,404	)
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (net of income taxes of $89,925 in 2003)		—			—			—			—			137,074
CONSOLIDATED NET INCOME	$	1,134,849		$	1,132,602		$	898,331		$	909,524		$	926,943
Basic earnings (loss) per average common share:
Continuing operations	$	5.77		$	5.46		$	4.49		$	4.01		$	3.55
Discontinued operations		—			—		$	(0.21	)		—		$	(0.06	)
Cumulative effect of accounting changes		—			—			—			—		$	0.60
Basic earnings (loss) per average common share	$	5.77		$	5.46		$	4.27		$	4.01		$	4.09
Diluted earnings (loss) per average common share:
Continuing operations	$	5.60		$	5.36		$	4.40		$	3.93		$	3.48
Discontinued operations		—			—		$	(0.21	)		—		$	(0.06	)
Cumulative effect of accounting changes		—			—			—			—		$	0.59
Diluted earnings (loss) per average common share	$	5.60		$	5.36		$	4.19		$	3.93		$	4.01
Dividends declared per common share	$	2.58		$	2.16		$	2.16		$	1.89		$	1.60
Average number of common shares outstanding:
Basic		196,572,945			207,456,838			210,141,887			226,863,758			226,804,370
Diluted		202,780,283			211,452,455			214,441,362			231,193,686			231,146,040

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

14

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

2007 CONSOLIDATING INCOME STATEMENT (unaudited)

	Utility/ Parent/ Other			Competitive Businesses			Eliminations			Consolidated
	In thousands, except share data, for the year ended December 31, 2007.
OPERATING REVENUES:
Electric	$	9,049,002		$	—		$	(2,701	)	$	9,046,301
Natural gas		206,073			—			—			206,073
Competitive businesses		29,571			2,225,311			(22,857	)		2,232,024
Total		9,284,646			2,225,311			(25,558	)		11,484,398
OPERATING EXPENSES:
Operating and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale		2,633,086			301,746			—			2,934,833
Purchased power		1,949,200			62,376			(24,626	)		1,986,950
Nuclear refueling outage expenses		75,087			105,885			—			180,971
Other operation and maintenance		1,844,774			806,268			(1,388	)		2,649,654
Decommissioning		89,220			78,678			—			167,898
Taxes other than income taxes		409,704			79,355			—			489,058
Depreciation and amortization		856,577			107,135			—			963,712
Other regulatory charges – net		54,954			—			—			54,954
Total		7,912,602			1,541,443			(26,014	)		9,428,030
OPERATING INCOME		1,372,044			683,868			456			2,056,368
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction		42,742			—			—			42,742
Interest and dividend income		176,657			139,241			(81,900	)		233,997
Equity in earnings of unconsolidated equity affiliates		1,205			1,971			—			3,176
Miscellaneous – net		(9,020	)		(15,384	)		(456	)		(24,860	)
Total		211,584			125,828			(82,356	)		255,055
INTEREST AND OTHER CHARGES:
Interest on long-term debt		501,274			4,815			—			506,089
Other interest – net		183,708			54,188			(81,900	)		155,995
Allowance for borrowed funds used during construction		(25,032	)		—			—			(25,032	)
Preferred dividend requirements and other		21,685			3,420			—			25,105
Total		681,635			62,423			(81,900	)		662,157
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		901,993			747,273			—			1,649,266
Income taxes		361,096			153,321			—			514,417
INCOME FROM CONTINUING OPERATIONS		540,897			593,952			—			1,134,849
CONSOLIDATED NET INCOME	$	540,897		$	593,952		$	—		$	1,134,849
Earnings Per Average Common Share:
Basic	$	2.75		$	3.02			—		$	5.77
Diluted	$	2.67		$	2.93			—		$	5.60

Totals may not foot due to rounding.

15

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

CONSOLIDATED BALANCE SHEETS

	2007			2006(a)			2005(a)			2004			2003
	In thousands, as of December 31,
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$	145,925		$	117,379		$	221,773		$	79,136		$	115,112
Temporary cash investments - at cost, which approximates market		1,127,076			898,773			361,047			540,650			392,013
Special deposits		—			—			—			—			308
Total cash and cash equivalents		1,273,001			1,016,152			582,820			619,786			507,433
Other temporary investments		—			—			—			187,950			234,800
Notes receivable - Entergy New Orleans DIP loan		—			51,934			90,000			—			—
Notes receivable		161			699			3,227			3,092			1,730
Accounts receivable:
Customer		610,724			552,376			763,993			565,027			511,902
Allowance for doubtful accounts		(25,789	)		(19,348	)		(30,805	)		(23,758	)		(25,976	)
Other		303,060			345,400			324,876			212,453			133,013
Accrued unbilled revenues		288,076			249,165			477,570			460,039			384,860
Total accounts receivable		1,176,071			1,127,593			1,535,634			1,213,761			1,003,799
Deferred fuel costs		—			—			543,927			55,069			245,973
Accumulated deferred income taxes		38,117			11,680			—			76,899			—
Fuel inventory - at average cost		208,584			193,098			206,195			127,251			110,482
Materials and supplies - at average cost		692,376			604,998			610,932			569,407			548,921
Deferred nuclear refueling outage costs		172,936			147,521			164,152			129,718			138,836
System agreement cost equalization		268,000			—			—			—			—
Prepayments and other		129,001			171,759			325,795			116,279			127,270
Total		3,958,247			3,325,434			4,062,682			3,099,212			2,919,244
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates - at equity		78,992			229,089			296,784			231,779			1,053,328
Decommissioning trust funds		3,307,636			2,858,523			2,606,765			2,453,406			2,278,533
Non-utility property - at cost (less accumulated depreciation)		220,204			212,726			228,833			219,717			262,384
Other		82,563			47,115			81,535			90,992			152,681
Total		3,689,395			3,347,453			3,213,917			2,995,894			3,746,926
PROPERTY, PLANT AND EQUIPMENT:
Electric		32,959,022			30,713,284			29,161,027			29,053,340			28,035,899
Property under capital lease		740,095			730,182			727,565			738,554			751,815
Natural gas		300,767			92,787			86,794			262,787			236,622
Construction work in progress		1,054,833			786,147			1,524,085			1,197,551			1,380,982
Nuclear fuel under capital lease		361,502			336,017			271,615			262,469			278,683
Nuclear fuel		665,620			494,759			436,646			320,813			234,421
Total property, plant and equipment		36,081,839			33,153,176			32,207,732			31,835,514			30,918,422
Less - accumulated depreciation and amortization		15,107,569			13,715,099			13,010,687			13,139,883			12,619,625
Property, plant and equipment - net		20,974,270			19,438,077			19,197,045			18,695,631			18,298,797
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset – net		595,743			740,110			735,221			746,413			830,539
Other regulatory assets		2,971,399			2,768,352			2,133,724			1,429,261			1,398,323
Deferred fuel costs		168,122			168,122			120,489			30,842			—
Long-term receivables		7,714			19,349			25,572			39,417			20,886
Goodwill		377,172			377,172			377,172			377,172			377,172
Other		900,940			898,662			991,835			918,871			935,501
Total		5,021,090			4,971,767			4,384,013			3,541,976			3,562,421
TOTAL ASSETS	$	33,643,002		$	31,082,731		$	30,857,657		$	28,332,713		$	28,527,388

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

16

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

CONSOLIDATED BALANCE SHEETS

	2007		2006(a)			2005(a)			2004			2003
	In thousands, as of December 31,
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$	996,757	$	181,576		$	103,517		$	492,564		$	524,372
Notes payable		25,037		25,039			40,041			193			351
Accounts payable		1,031,300		1,122,596			1,655,787			896,528			796,572
Customer deposits		291,171		248,031			222,206			222,320			199,620
Taxes accrued		—		187,324			188,159			224,011			224,926
Accumulated deferred income taxes		—		—			143,409			—			22,963
Nuclear refueling outage costs		—		—			—			—			8,238
Interest accrued		187,968		160,831			154,855			144,478			139,603
Deferred fuel costs		54,947		73,031			—			—			—
Obligations under capital leases		152,615		153,246			130,882			133,847			159,978
Pension and other postretirement liabilities		34,795		41,912			—			—			—
System agreement cost equalization		268,000		—			—			—			—
Other		214,164		271,544			473,510			218,442			145,453
Total		3,256,754		2,465,130			3,112,366			2,332,383			2,222,076
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued		6,379,679		5,820,700			5,282,759			5,070,912			4,779,513
Accumulated deferred investment tax credits		343,539		358,550			376,550			399,228			420,248
Obligations under capital leases		220,438		188,033			175,005			146,060			153,898
Other regulatory liabilities		490,323		449,237			408,667			329,767			291,239
Decommissioning and asset retirement cost liabilities		2,489,061		2,023,846			1,923,971			2,066,277			2,215,490
Transition to competition		—		79,098			79,101			79,101			79,098
Accumulated provisions		133,406		88,902			144,880			549,914			506,960
Pension and other postretirement liabilities		1,361,326		1,410,433			1,118,964			—			—
Long-term debt		9,728,135		8,798,087			8,824,493			7,016,831			7,322,940
Preferred stock with sinking fund		—		10,500			13,950			17,400			20,852
Other		1,066,508		847,415			1,202,706			1,657,273			1,477,079
Total		22,212,415		20,074,801			19,551,046			17,332,763			17,267,317
Commitments and Contingencies
Preferred stock without sinking fund		311,162		344,913			445,974			365,356			334,337
SHAREHOLDERS’ EQUITY:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2007, 2006, 2005, 2004 and 2003		2,482		2,482			2,482			2,482			2,482
Paid-in capital		4,850,769		4,827,265			4,817,637			4,835,375			4,767,615
Retained earnings		6,735,965		6,113,042			5,433,931			4,989,826			4,502,508
Accumulated other comprehensive income (loss)		8,320		(100,512	)		(343,819	)		(93,453	)		(7,795	)
Less – treasury stock, at cost (55,053,847 shares in 2007; 45,506,311 shares in 2006; 40,644,602 shares in 2005; 31,345,028 shares in 2004; 19,276,445 shares in 2003)		3,734,865		2,644,390			2,161,960			1,432,019			561,152
Total		7,862,671		8,197,887			7,748,271			8,302,211			8,703,658
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	33,643,002	$	31,082,731		$	30,857,657		$	28,332,713		$	28,527,388

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

17

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

2007 CONSOLIDATING BALANCE SHEET (unaudited)

	Utility/ Parent/ Other			Competitive Businesses		Eliminations			Consolidated
	In thousands, as of December 31, 2007.
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$	139,856		$	6,069	$	—		$	145,925
Temporary cash investments - at cost, which approximates market		679,590			447,486		—			1,127,076
Total cash and cash equivalents		819,446			453,555		—			1,273,001
Notes receivable		291,101			419,993		(710,933	)		161
Accounts receivable:
Customer		413,284			197,440		—			610,724
Allowance for doubtful accounts		(25,789	)		—		—			(25,789	)
Associated companies		53,543			84,473		(138,016	)		—
Other		267,732			35,328		—			303,060
Accrued unbilled revenues		288,076			—		—			288,076
Total accounts receivable		996,846			317,241		(138,016	)		1,176,071
Accumulated deferred income taxes		38,117			—		—			38,117
Fuel inventory - at average cost		205,146			3,438		—			208,584
Materials and supplies - at average cost		454,517			237,859		—			692,376
Deferred nuclear refueling outage costs		43,498			129,438		—			172,936
System agreement cost equalization		268,000			—		—			268,000
Prepayments and other		100,458			28,543		—			129,001
Total		3,217,129			1,590,067		(848,949	)		3,958,247
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates - at equity		7,521,097			94,103		(7,536,208	)		78,992
Decommissioning trust funds		1,370,035			1,937,601		—			3,307,636
Non-utility property - at cost (less accumulated depreciation)		216,640			3,564		—			220,204
Other		80,700			7,251		(5,388	)		82,563
Total		9,188,472			2,042,519		(7,541,596	)		3,689,395
PROPERTY, PLANT AND EQUIPMENT:
Electric		29,613,366			3,346,428		(772	)		32,959,022
Property under capital lease		740,095			—		—			740,095
Natural gas		300,767			—		—			300,767
Construction work in progress		861,523			193,310		—			1,054,833
Nuclear fuel under capital lease		361,502			—		—			361,502
Nuclear fuel		154,713			510,907		—			665,620
Total property, plant and equipment		32,031,966			4,050,645		(772	)		36,081,839
Less - accumulated depreciation and amortization		14,659,224			448,345		—			15,107,569
Property, plant and equipment - net		17,372,742			3,602,300		(772	)		20,974,270
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset - net		595,743			—		—			595,743
Other regulatory assets		2,971,399			—		—			2,971,399
Deferred fuel costs		168,122			—		—			168,122
Long-term receivables		7,714			—		—			7,714
Goodwill		374,099			3,073		—			377,172
Other		794,177			758,729		(651,966	)		900,940
Total		4,911,254			761,802		(651,966	)		5,021,090
TOTAL ASSETS	$	34,689,597		$	7,996,688	$	(9,043,283	)	$	33,643,002

Totals may not foot due to rounding.

18

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

2007 CONSOLIDATING BALANCE SHEET (unaudited)

	Utility/ Parent/ Other			Competitive Businesses		Eliminations			Consolidated
	In thousands, as of December 31, 2007.
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$	968,701		$	28,056	$	—		$	996,757
Notes payable:
Associated companies		399,978			310,955		(710,933	)		—
Other		25,037			—		—			25,037
Accounts payable:
Associated companies		95,943			38,762		(134,705	)		—
Other		802,604			228,696		—			1,031,300
Customer deposits		291,171			—		—			291,171
Interest accrued		185,794			2,174		—			187,968
Deferred fuel costs		54,947			—		—			54,947
Obligations under capital leases		152,615			—		—			152,615
Pension and other postretirement liabilities		31,182			3,613		—			34,795
System agreement cost equalization		268,000			—		—			268,000
Other		68,675			145,489		—			214,164
Total		3,344,647			757,745		(845,638	)		3,256,754
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued		5,825,015			554,664		—			6,379,679
Accumulated deferred investment tax credits		343,539			—		—			343,539
Obligations under capital leases		220,438			—		—			220,438
Other regulatory liabilities		490,323			—		—			490,323
Decommissioning and asset retirement cost liabilities		1,346,422			1,142,639		—			2,489,061
Accumulated provisions		124,483			8,923		—			133,406
Pension and other postretirement liabilities		1,047,745			313,581		—			1,361,326
Long-term debt		9,522,791			283,172		(77,828	)		9,728,135
Other		1,250,738			400,436		(584,666	)		1,066,508
Total		20,171,494			2,703,415		(662,494	)		22,212,415
Commitments and Contingencies
Preferred stock without sinking fund		280,612			422,482		(391,932	)		311,162
SHAREHOLDERS’ EQUITY:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2007		2,228,351			1,068,639		(3,294,508	)		2,482
Paid-in capital		6,696,890			2,071,257		(3,917,378	)		4,850,769
Retained earnings		5,907,673			923,567		(95,275	)		6,735,965
Accumulated other comprehensive income (loss)		(85,205	)		92,899		626			8,320
Less – treasury stock, at cost (55,053,847 shares in 2007)		3,854,865			43,316		(163,316	)		3,734,865
Total		10,892,844			4,113,046		(7,143,219	)		7,862,671
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	34,689,597		$	7,996,688	$	(9,043,283	)	$	33,643,002

Totals may not foot due to rounding.

19

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

CONSOLIDATED STATEMENTS OF CASH FLOW

	2007			2006(a)			2005(a)			2004			2003
	In thousands, for the years ended December 31,
OPERATING ACTIVITIES:
Consolidated net income	$	1,134,849		$	1,132,602		$	898,331		$	909,524		$	926,943
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Reserve for regulatory adjustments		(15,574	)		36,352			(82,033	)		33,533			13,090
Other regulatory charges (credits) - net		54,954			(122,680	)		(49,882	)		(90,611	)		(13,761	)
Depreciation, amortization, and decommissioning		1,131,610			1,035,153			1,001,852			1,045,122			996,603
Deferred income taxes, investment tax credits, and non-current taxes accrued		476,241			738,643			487,804			352,094			1,189,531
Cumulative effect of accounting changes		—			—			—			—			(137,074	)
Equity in earnings (loss) of unconsolidated equity affiliates - net of dividends		(3,176	)		4,436			4,315			608,141			(176,036	)
Provisions for asset impairments and restructuring charges		—			—			39,767			55,000			(7,743	)
Changes in working capital:
Receivables		(62,646	)		408,042			(367,351	)		(210,419	)		(140,612	)
Fuel inventory		(10,445	)		13,097			(83,125	)		(16,769	)		(14,015	)
Accounts payable		(103,048	)		(83,884	)		303,194			95,306			(60,164	)
Taxes accrued		(187,324	)		(835	)		(33,306	)		(1,581	)		(882,446	)
Interest accrued		11,785			5,975			15,133			5,269			(35,837	)
Deferred fuel		912			582,947			(236,801	)		213,627			(33,874	)
Other working capital accounts		(73,269	)		64,479			(45,653	)		41,008			16,809
Provision for estimated losses and reserves		(59,292	)		39,822			(3,704	)		(18,041	)		196,619
Changes in other regulatory assets		254,736			(127,305	)		(311,934	)		48,626			22,671
Other		9,457			(279,005	)		(68,799	)		(140,510	)		145,116
Net cash flow provided by operating activities		2,559,770			3,447,839			1,467,808			2,929,319			2,005,820
INVESTING ACTIVITIES:
Construction/capital expenditures		(1,578,030	)		(1,633,268	)		(1,458,086	)		(1,410,610	)		(1,568,943	)
Allowance for equity funds used during construction		42,742			39,894			45,736			39,582			42,710
Nuclear fuel purchases		(408,732	)		(326,248	)		(314,414	)		(238,170	)		(224,308	)
Proceeds from sale/leaseback of nuclear fuel		169,066			135,190			184,403			109,988			150,135
Proceeds from sale of assets and businesses		13,063			77,159			—			75,430			25,987
Payment for purchase of plant		(336,211	)		(88,199	)		(162,075	)		—			—
Insurance proceeds received for property damages		83,104			18,828			—			—			—
Investment in non-utility properties		—			—			—			(6,420	)		(71,438	)
Decrease (increase) in other investments		41,720			(6,353	)		9,905			383,498			172,187
Purchases of other temporary investments		—			—			(1,591,025	)		(1,629,500	)		(613,464	)
Liquidation of other temporary investments		—			—			1,778,975			1,676,350			378,664
Proceeds from nuclear decommissioning trust fund sales		1,583,584			777,584			944,253			679,466			729,440
Investment in nuclear decommissioning trust funds		(1,708,764	)		(884,123	)		(1,039,824	)		(769,273	)		(820,958	)
Other regulatory investments		—			(38,037	)		(390,456	)		(53,566	)		(156,446	)
Other		—			—			—			—			(11,496	)
Net cash flow used in investing activities		(2,098,458	)		(1,927,573	)		(1,992,608	)		(1,143,225	)		(1,967,930	)
FINANCING ACTIVITIES:
Proceeds from the issuance of:
Long-term debt		2,866,136			1,837,713			4,302,570			3,653,478			4,596,189
Preferred stock		10,000			73,354			127,995			—			—
Common stock and treasury stock		78,830			70,455			106,068			170,237			217,521
Retirement of long-term debt		(1,369,945	)		(1,804,373	)		(2,689,206	)		(4,022,548	)		(5,284,917	)
Repurchase of common stock		(1,215,578	)		(584,193	)		(878,188	)		(1,017,996	)		(8,135	)
Redemption of preferred stock		(57,827	)		(183,881	)		(33,719	)		(3,450	)		(3,450	)
Changes in credit line borrowings - net		—			(15,000	)		39,850			(154	)		—
Dividends paid:
Common stock		(507,327	)		(448,954	)		(453,508	)		(427,901	)		(362,814	)
Preferred stock		(25,875	)		(28,848	)		(25,472	)		(23,525	)		(23,524	)
Net cash flow provided by (used in) financing activities		(221,586	)		(1,083,727	)		496,390			(1,671,859	)		(869,130	)
Effect of exchange rates on cash and cash equivalents		30			(3,207	)		(602	)		(1,882	)		3,345
Net increase (decrease) in cash and cash equivalents		239,756			433,332			(29,012	)		112,353			(827,895	)
Cash and cash equivalents at beginning of period		1,016,152			582,820			619,786			507,433			1,335,328
Effect of the reconsolidation of Entergy New Orleans on cash and cash equivalents		17,093			—			—			—			—
Effect of the deconsolidation of Entergy New Orleans on cash and cash equivalents		—			—			(7,954	)		—			—
Cash and cash equivalents at end of period	$	1,273,001		$	1,016,152		$	582,820		$	619,786		$	507,433

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

20

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

CONSOLIDATED STATEMENTS OF CASH FLOW

	2007		2006(a)			2005(a)		2004		2003
	In thousands, for the years ended December 31,
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest – net of amount capitalized	$	611,197	$	514,189		$	461,345	$	477,768	$	552,017
Income taxes	$	376,808	$	(147,435	)	$	116,072	$	28,241	$	188,709

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

CASH FLOW INFORMATION BY BUSINESS

	Utility/ Parent/ Other		Entergy Nuclear		Energy Commodity Services		Consolidated
	For the years ended December 31, 2007, 2006, 2005, 2004, and 2003. ($ thousands)
2007
Net cash flow provided by (used in) operating activities	1,721,098		879,940		(41,268	)	2,559,770
Net cash flow provided by (used in) investing activities	(1,254,302	)	(883,397	)	39,241		(2,098,458	)
Net cash flow provided by (used in) financing activities	(260,080	)	47,705		(9,211	)	(221,586	)
2006(a)
Net cash flow provided by (used in) operating activities	2,708,871		833,318		(94,350	)	3,447,839
Net cash flow provided by (used in) investing activities	(1,487,005	)	(450,219	)	9,651		(1,927,573	)
Net cash flow provided by (used in) financing activities	(959,555	)	(211,544	)	87,372		(1,083,727	)
2005(a)
Net cash flow provided by (used in) operating activities	934,562		551,263		(18,017	)	1,467,808
Net cash flow provided by (used in) investing activities	(1,673,600	)	(368,497	)	49,489		(1,992,608	)
Net cash flow provided by (used in) financing activities	640,489		(110,482	)	(33,617	)	496,390
2004
Net cash flow provided by operating activities	2,034,882		414,518		479,919		2,929,319
Net cash flow provided by (used in) investing activities	(1,005,814	)	(386,023	)	248,612		(1,143,225	)
Net cash flow used in financing activities	(909,431	)	(37,894	)	(724,534	)	(1,671,859	)
2003
Net cash flow provided by (used in) operating activities	1,934,587		182,524		(111,291	)	2,005,820
Net cash flow used in investing activities	(1,704,897	)	(184,913	)	(78,120	)	(1,967,930	)
Net cash flow provided by (used in) financing activities	(1,028,623	)	(6,672	)	166,165		(869,130	)

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Certain prior year data has been reclassified to conform with current year presentation.

21

CONSOLIDATED FINANCIAL RESULTS

FINANCIAL RESULTS

CONSOLIDATED STATEMENTS OF RETAINED EARNINGS, COMPREHENSIVE INCOME, AND PAID-IN CAPITAL

	2007						2006						2005						2004						2003
	In thousands, for the years ended December 31,
RETAINED EARNINGS
Retained Earnings – Beginning of period	$	6,113,042					$	5,433,931					$	4,989,826					$	4,502,508					$	3,938,693
Add: Consolidated net income		1,134,849		$	1,134,849			1,132,602		$	1,132,602			898,331		$	898,331			909,524		$	909,524			926,943		$	926,943
Adjustment for change in accounting method		(4,600	)					—						—						5,524						—
Total		1,130,249						1,132,602						898,331						915,048						926,943
Deduct:
Dividends declared on common stock		507,326						448,572						453,657						427,740						362,941
Capital stock and other expenses		—						4,919						569						(10	)					187
Total		507,326						453,491						454,226						427,730						363,128
Retained Earnings – End of period	$	6,735,965					$	6,113,042					$	5,433,931					$	4,989,826					$	4,502,508
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Net of taxes)
Balance at beginning of period:
Accumulated derivative instrument fair value changes	$	(105,578	)				$	(392,614	)				$	(141,411	)				$	(25,811	)				$	17,313
Other accumulated comprehensive income (loss) items		5,066						48,795						47,958						18,016						(39,673	)
Total		(100,512	)					(343,819	)					(93,453	)					(7,795	)					(22,360	)
Net derivative instrument fair value changes arising during the period (net of tax expense (benefit) of $57,185, $187,462, $(159,236), $(74,082), and $(27,862))		93,038			93,038			287,036			287,036			(251,203	)		(251,203	)		(115,600	)		(115,600	)		(43,124	)		(43,124	)
Foreign currency translation (net of tax expense (benefit) of $(16), $1,122, $211, $659, and $1,459)		(30	)		(30	)		3,207			3,207			602			602			1,882			1,882			4,169			4,169
Minimum pension liability (net of tax expense (benefit) of $(5,911) $(9,176), $1,875, and $503)		—			—			(7,759	)		(7,759	)		(15,773	)		(15,773	)		2,762			2,762			1,153			1,153
Pension and other postretirement liabilities (net of tax expense (benefit) of $29,994 and $(92,419))		(1,236	)		(1,236	)		(75,805	)		—			—			—			—			—			—			—
Net unrealized investment gains (net of tax expense of $23,562, $28,428, $10,573, $16,599, and $33,422)		17,060			17,060			36,628			36,628			16,008			16,008			25,298			25,298			52,367			52,367
Balance at end of period:
Accumulated derivative instrument fair value changes		(12,540	)					(105,578	)					(392,614	)					(141,411	)					(25,811	)
Other accumulated comprehensive income (loss) items		20,860						5,066						48,795						47,958						18,016
Total	$	8,320					$	(100,512	)				$	(343,819	)				$	(93,453	)				$	(7,795	)
Comprehensive Income				$	1,243,681					$	1,451,714					$	647,965					$	823,866					$	941,508
PAID-IN CAPITAL
Paid-in Capital – Beginning of period	$	4,827,265					$	4,817,637					$	4,835,375					$	4,767,615					$	4,666,753
Add (Deduct):
Issuance of equity units		—						—						(39,904	)					—						—
Common stock issuances related to stock plans		23,504						9,628						22,166						67,760						100,862
Paid-in Capital – End of period	$	4,850,769					$	4,827,265					$	4,817,637					$	4,835,375					$	4,767,615

Certain prior year data has been reclassified to conform with current year presentation.

22

CONSOLIDATED FINANCIAL RESULTS

CONSOLIDATED CAPITAL EXPENDITURES

HISTORICAL CAPITAL EXPENDITURES

	2007	2006	2005	2004	2003
	($ millions)
Utility/Parent/Other
Entergy New Orleans	94	76	58	51	66
All others	1,554	1,398	1,458	1,115	1,201
Entergy Nuclear	258	303	161	243	281
Energy Commodity Services	8	21	1	8	92
Total Historical Capital Expenditures	1,914	1,798	1,678	1,417	1,640

Certain prior year data has been reclassified to conform with current year presentation.

PLANNED CAPITAL EXPENDITURES

	2008	2009	2010
	($ millions)
Maintenance Capital:
Utility/Parent/Other	866	807	811
Entergy Nuclear	78	78	78
Total Maintenance Capital	944	885	889
Other Capital Commitments:
Utility/Parent/Other	1,033	846	675
Entergy Nuclear	207	189	248
Total Other Capital Commitments	1,240	1,035	923
Total Planned Capital Expenditures	2,184	1,920	1,812

ENTERGY CORPORATION SECURITIES DETAIL

ENTERGY CORPORATION LONG-TERM DEBT

			Maturity Date	First Call Date	Current or First Call Price	As Of December 31,
CUSIP		Rate				2007	2006	2005
						($ millions)
	$3.5B Bank Credit Facility		08/12			2,251	820	785
	Bank Term Loan	5.43%	06/10			60	60	60
	Bank Term Loan	3.08%	11/08			—	35	35
29364GA*4	6.17% Notes	6.17%	03/08	Now	MW (T+.50%)	72	72	72
29364GB*3	6.23% Notes	6.23%	03/08	Now	MW (T+.50%)	15	15	15
29364GAC7	6.13% Notes	6.13%	09/08	Now	MW (T+.50%)	150	150	150
29364GAA1	7.75% Notes	7.75%	12/09	Now	MW (T+.50%)	267	267	267
29364GAB9	6.58% Notes	6.58%	05/10	Now	MW (T+.50%)	75	75	75
29364GB@1	6.9% Notes	6.9%	11/10	Now	MW (T+.50%)	140	140	140
29364G202,
29364G301	7.625% Notes(a)	7.625%	02/11			500	500	500
29364GA@2	7.06% Notes	7.06%	03/11	Now	MW (T+.50%)	86	86	86
Total						3,616	2,220	2,185

(a) In December 2005, Entergy Corporation sold 10 million equity units with a stated amount of $50 each. An equity unit consists of (1) a note, initially due February 2011 and initially bearing interest at an annual rate of 5.75% and (2) a purchase contract that obligates the holder of the equity unit to purchase for $50 between 0.5705 and 0.7074 shares of Entergy Corporation common stock on or before February 17, 2009. Entergy will pay the holders quarterly contract adjustment payments of 1.875% per year on the stated amount of $50 per equity unit. Under the terms of the purchase contracts, Entergy Corporation will issue between 5,705,000 and 7,074,000 shares of common stock in the settlement of the purchase contracts (subject to adjustment under certain circumstances).

SECURITIES RATINGS (OUTLOOK)

	Corporate Credit
	Moody’s	S&P	Fitch
	As of April 2008.
Entergy Corporation	Baa3 (stable)	BBB (outlook negative)	BBB-(outlook evolving)

23

UTILITY SELECTED DATA

UTILITY QUARTERLY FINANCIAL METRICS

	2007					2006(a)					YTD% CHANGE
	1Q	2Q	3Q	4Q	YTD	1Q	2Q	3Q	4Q	YTD
GAAP MEASURES
As-Reported Earnings ($ millions)	104.4	148.2	333.1	97.0	682.7	119.8	199.6	290.0	81.8	691.2	(1.2	)
Return on Average Invested Capital – As-Reported (%)*	7.0	6.5	6.9	6.9	6.9	7.4	7.3	7.1	7.2	7.2	(4.2	)
Return on Average Common Equity – As-Reported (%)*	10.7	9.7	10.3	10.6	10.6	11.8	11.5	11.1	11.3	11.3	(6.2	)
Debt to Capital Ratio (%)	50.9	51.6	51.6	51.5	51.5	50.4	51.0	50.6	51.3	51.3	0.4
NON-GAAP MEASURES
Operational Earnings ($ millions)	104.4	148.2	333.1	110.7	696.4	114.1	188.9	282.7	101.4	687.1	1.4
Return on Average Invested Capital – Operational (%)*	7.0	6.6	7.0	7.0	7.0	7.4	7.3	7.1	7.2	7.2	(2.8	)
Return on Average Common Equity – Operational (%)*	10.7	9.9	10.6	10.8	10.8	11.8	11.4	11.0	11.2	11.2	(3.6	)
Net Debt to Net Capital Ratio (%)	48.5	48.2	48.2	48.5	48.5	49.0	50.0	49.6	49.1	49.1	(1.2	)

^(a) 2006 reflects deconsolidation of Entergy New Orleans, Inc. *Trailing twelve months. Totals may not foot due to rounding.

UTILITY ANNUAL FINANCIAL METRICS

	2007	2006(a)	2005(a)	2004	2003
GAAP MEASURES
As-Reported Earnings ($ millions)	682.7	691.2	659.8	643.4	469.1
Return on Average Invested Capital – As-Reported (%)	6.9	7.2	7.1	7.2	5.9
Return on Average Common Equity – As-Reported (%)	10.6	11.3	11.4	11.6	8.7
Debt to Capital Ratio (%)	51.5	51.3	51.8	51.7	54.1
NON-GAAP MEASURES
Operational Earnings ($ millions)	696.4	687.1	659.8	643.4	626.1
Return on Average Invested Capital – Operational (%)	7.0	7.2	7.1	7.2	7.1
Return on Average Common Equity – Operational (%)	10.8	11.2	11.4	11.6	11.5
Net Debt to Net Capital Ratio (%)	48.5	49.1	50.7	49.3	52.6

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

UTILITY HISTORICAL CAPITAL EXPENDITURES

	2007	2006	2005	2004	2003
	($ millions)
Entergy Arkansas	305	259	317	270	335
Entergy Gulf States Louisiana(a)	335	376	371	358	349
Entergy Louisiana	322	449	551	240	258
Entergy Mississippi	157	240	164	163	189
System Energy Resources	84	34	37	32	18
Entergy New Orleans	94	76	58	51	66
Other	19	18	7	37	18
Total excluding Entergy New Orleans	1,222	1,376	1,447	1,101	1,167
Total including Entergy New Orleans	1,316	1,452	1,505	1,152	1,233

^(a) Includes Entergy Texas capital expenditures of $167, $217, and $214 for 2007, 2006, and 2005, respectively. Certain prior year data has been reclassified to conform with current year presentation.

UTILITY PLANNED CAPITAL EXPENDITURES

	2008		2009		2010
	Maintenance Capital	Capital Commitments	Maintenance Capital	Capital Commitments	Maintenance Capital	Capital Commitments
	($ millions)
Entergy Arkansas	209	372	208	91	209	57
Entergy Gulf States Louisiana	151	120	115	22	114	6
Entergy Texas	125	17	111	20	113	64
Entergy Louisiana	182	409	182	675	182	521
Entergy Mississippi	131	42	134	20	134	5
System Energy Resources	25	62	15	15	18	21
Entergy New Orleans	29	3	33	3	33	1
Other	12	8	9	—	8	—
Total	864	1,033	807	846	811	675

UTILITY SECURITIES RATINGS (OUTLOOK)

	Mortgage Bonds			Preferred Stock
	Moody’s	S&P	Fitch	Moody’s	S&P	Fitch
	As of April 2008.
Entergy Arkansas, Inc.	Baal (stable)	A -(outlook neg.)	BBB+ (stable)	Bal	BB+	BBB-
Entergy Gulf States Louisiana, L.L.C.	Baa3 (positive)	BBB+ (outlook neg.)	BBB (stable)	Ba3	BB+	BB+
Entergy Texas, Inc.	n/a	n/a	n/a	n/a	n/a	n/a
Entergy Louisiana, LLC	Baal (stable)	A-(outlook neg.)	BBB+ (stable)	Bal	BB+	BBB-
Entergy Mississippi, Inc.	Baa2 (stable)	A- (outlook neg.)	BBB+ (stable)	Ba2	BB+	BBB-
Entergy New Orleans, Inc.	Baa3 (stable)	BBB+ (outlook neg.)	BBB- (stable)	Bl	BB	BB
System Energy Resources, Inc.	Baa3 (stable)	BBB+ (outlook neg.)	BBB- (stable)	—	—	—

24

UTILITY FINANCIAL RESULTS

2007 UTILITY/PARENT/OTHER CONSOLIDATING INCOME STATEMENT (unaudited)

	EAI			PRO FORMA(a)						ELL			EMI			ENOI			SERI			Parent/Other Eliminations			Utility/ Parent/ Other
				EGSL(b)			ETI
	In thousands, for the year ended December 31, 2007.
OPERATING REVENUES:
Electric	$	2,032,965		$	2,209,566		$	1,782,923		$	2,737,552		$	1,372,802		$	557,458		$	553,193		$	(2,197,457	)	$	9,049,002
Natural gas		—			86,604			—			—			—			119,469			—			—			206,073
Competitive businesses		—			—			—			—			—			—			—			29,571			29,571
Total		2,032,965			2,296,170			1,782,923			2,737,552			1,372,802			676,927			553,193			(2,167,886	)		9,284,646
OPERATING EXPENSES:
Operation and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale		132,830			320,668			546,413			887,749			456,346			243,470			42,798			2,812			2,633,086
Purchased power		818,549			1,107,048			777,419			814,779			414,763			198,329			—			(2,181,687	)		1,949,200
Nuclear refueling outage expenses		28,511			12,212			—			17,664			—			—			16,699			1			75,087
Other operation and maintenance		458,042			369,880			179,119			427,241			202,952			114,254			118,304			(25,018	)		1,844,774
Decommissioning		32,816			11,555			173			18,530			—			—			25,713			433			89,220
Taxes other than income taxes		78,449			81,874			50,617			60,293			62,516			38,439			26,242			11,274			409,704
Depreciation and amortization		228,354			140,476			68,172			178,841			79,470			32,287			122,765			6,212			856,577
Other regulatory charges (credits) – net		(29,001	)		13,115			16,808			43,949			14,810			4,127			(8,854	)		—			54,954
Total		1,748,550			2,056,828			1,638,721			2,449,046			1,230,857			630,906			343,667			(2,185,973	)		7,912,602
OPERATING INCOME		284,415			239,342			144,202			288,506			141,945			46,021			209,526			18,087			1,372,044
OTHER INCOME:
Allowance for equity funds used during construction		11,143			8,371			3,295			11,119			3,900			1,736			3,178			—			42,742
Interest and dividend income		19,116			104,140			31,397			8,901			5,572			11,583			24,515			(28,567	)		176,657
Equity in earnings (loss) of unconsolidated equity affiliates		—			—			—			—			—			—			—			1,205			1,205
Miscellaneous – net		(3,263	)		2,324			(600	)		(3,497	)		1,011			(1,057	)		382			(4,320	)		(9,020	)
Total		26,996			114,835			34,092			16,523			10,483			12,262			28,075			(31,682	)		211,584
INTEREST AND OTHER CHARGES:
Interest on long-term debt		77,348			135,233			74,343			74,021			41,699			12,978			56,966			28,686			501,274
Other interest – net		14,392			3,038			10,907			11,708			5,321			8,519			151			129,672			183,708
Allowance for borrowed funds used during construction		(5,078	)		(5,402	)		(2,126	)		(7,531	)		(2,548	)		(1,302	)		(1,044	)		(1	)		(25,032	)
Total		86,662			132,869			83,124			78,198			44,472			20,195			56,073			158,357			659,950
INCOME FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES		224,749			221,308			95,170			226,831			107,956			38,088			181,528			(171,952	)		923,678
Income taxes		85,638			87,452			36,249			83,494			35,850			13,506			45,447			(26,540	)		361,096
INCOME FROM CONTINUING OPERATIONS		139,111			133,856			58,921			143,337			72,106			24,582			136,081			(145,412	)		562,582
CONSOLIDATED NET INCOME		139,111			133,856			58,921			143,337			72,106			24,582			136,081			(145,412	)		562,582
Preferred dividend requirements and other		6,873			3,968			—			6,950			2,768			1,126			—			—			21,685
EARNINGS APPLICABLE TO COMMON STOCK/EQUITY	$	132,238		$	129,888		$	58,921 $			136,387		$	69,338		$	23,456		$	136,081		$	(145,412	)	$	540,897

^(a) Effective December 31, 2007, Entergy Gulf States, Inc. completed a jurisdictional separation into two vertically integrated utility companies: Entergy Texas, Inc. and Entergy Gulf States Louisiana, L.L.C. The above pro forma metrics for 2007 reflect results as if the separation had occurred on January 1, 2007.

^(b) Excludes the operations of Entergy Texas, Inc.

Totals may not foot due to rounding.

25

UTILITY FINANCIAL RESULTS

2007 UTILITY/PARENT/OTHER CONSOLIDATING BALANCE SHEET (unaudited)

	EAI			EGSL(a)			ETI			ELL			EMI			ENOI			SERI		Parent/Other Eliminations			Utility/ Parent/ Other
	In thousands, as of December 31, 2007.
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$	212		$	233		$	10		$	300		$	117		$	119		$	406	$	138,459		$	139,856
Temporary cash investments – at cost, which approximates market		—			107,803			297,072			—			40,465			91,891			104,599		37,760			679,590
Total cash and cash equivalents		212			108,036			297,082			300			40,582			92,010			105,005		176,219			819,446
Notes receivable		—			—			—			—			—			—			—		291,101			291,101
Securitization recovery trust account		—			—			19,273			—			—			—			—		(19,273	)		—
Accounts receivable:
Customer		85,414			62,408			61,108			96,679			62,052			45,478			—		145			413,284
Allowance for doubtful accounts		(16,649	)		(979	)		(918	)		(1,988	)		(615	)		(4,639	)		—		(1	)		(25,789	)
Associated companies		75,756			218,891			377,478			91,873			23,534			58,952			112,598		(905,539	)		53,543
Other		124,111			59,059			35,048			14,186			8,234			9,928			3,921		13,245			267,732
Accrued unbilled revenues		68,240			54,021			30,974			75,860			33,535			24,842			—		604			288,076
Total accounts receivable		336,872			393,400			503,690			276,610			126,740			134,561			116,519		(891,546	)		996,846
Deferred fuel costs		114,763			5,644			—			—			—			17,281			—		(137,688	)		—
Accumulated deferred income taxes		—			21,938			24,507			15,229			7,686			—			—		(31,243	)		38,117
Fuel inventory – at average cost		20,505			31,810			55,778			—			10,366			4,500			—		82,187			205,146
Materials and supplies – at average cost		106,165			100,161			31,454			108,959			30,167			9,007			68,613		(9	)		454,517
Deferred nuclear refueling outage costs		17,623			5,155			—			7,080			—			—			13,640		—			43,498
System agreement cost equalization		268,000			—			—			—			—			—			—		—			268,000
Prepayments and other		16,511			23,533			14,756			7,820			13,701			2,539			9,225		12,373			100,458
Total		880,651			689,677			946,540			415,998			229,242			259,898			313,002		(517,879	)		3,217,129
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates – at equity		11,203			—			863			—			5,531			3,259			—		7,500,241			7,521,097
Decommissioning trust funds		466,348			366,062			—			221,971			—			—			315,654		—			1,370,035
Non-utility property – at cost (less accumulated depreciation)		1,442			109,517			2,030			1,488			5,140			1,016			—		96,007			216,640
Notes receivable – Entergy New Orleans DIP loan		—			—			—			9,353			7,610			—			25,560		(42,523	)		—
Storm reserve escrow account		—			—			—			—			30,748			—			—		(30,748	)		—
Other		5,391			17,350			16,514			4			—			5,272			—		36,169			80,700
Total		484,384			492,929			19,407			232,816			49,029			9,547			341,214		7,559,146			9,188,472
UTILITY PLANT:
Electric		6,792,825			6,132,362			2,817,681			6,550,597			2,829,065			745,426			3,273,390		472,020			29,613,366
Property under capital lease		2,436			—			—			253,387			9,116			—			475,157		(1	)		740,095
Natural gas		—			98,484			—			—			—			201,870			—		413			300,767
Construction work in progress		146,651			141,528			71,519			276,974			72,753			14,144			88,296		49,658			861,523
Nuclear fuel under capital lease		124,585			110,769			—			44,532			—			—			81,616		—			361,502
Nuclear fuel		19,548			11,256			—			—			—			—			7,656		116,253			154,713
Total utility plant		7,086,045			6,494,399			2,889,200			7,125,490			2,910,934			961,440			3,926,115		638,343			32,031,966
Less – accumulated depreciation and amortization		3,112,896			3,433,131			1,043,183			3,095,473			995,902			507,537			2,101,484		369,618			14,659,224
Utility plant – net		3,973,149			3,061,268			1,846,017			4,030,017			1,915,032			453,903			1,824,631		268,725			17,372,742
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset – net		93,557			299,023			87,531			117,322			29,868			—			93,083		(124,641	)		595,743
Other regulatory assets		534,937			335,897			645,941			832,449			141,717			143,726			274,202		62,530			2,971,399
Deferred fuel costs		—			100,124			—			67,998			—			—			—		—			168,122
Long-term receivables		—			1,872			1,284			2,982			819			126			—		631			7,714
Goodwill		—			—			—			—			—			—			—		374,099			374,099
Debt assumption by Entergy Texas		—			1,079,094			—			—			—			—			—		(1,079,054	)		—
Other		33,128			12,807			60,032			23,539			20,562			8,995			12,628		622,486			794,177
Total		661,622			1,828,817			794,788			1,044,290			192,966			152,847			379,913		(143,989	)		4,911,254
TOTAL ASSETS	$	5,999,806		$	6,072,691		$	3,606,752		$	5,723,121		$	2,386,269		$	876,195		$	2,858,760	$	7,166,003		$	34,689,597

^(a) Excludes the operations of Entergy Texas, Inc.

Totals may not foot due to rounding.

26

UTILITY FINANCIAL RESULTS

2007 UTILITY/PARENT/OTHER CONSOLIDATING BALANCE SHEET (unaudited)

	EAI		EGSL(a)			ETI		ELL			EMI			ENOI		SERI		Parent/Other Eliminations			Utility/ Parent/ Other
	In thousands, as of December 31, 2007.
LIABILITIES AND SHAREHOLDERS’ OR MEMBERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$	—	$	675,000		$	309,123	$	—		$	—		$	30,000	$	26,701	$	(72,123	)	$	968,701
Notes payable:
Associated companies		—		—			—		—			—			—		—		399,978			399,978
Other		—		—			—		—			—			—		—		25,037			25,037
Accounts payable:
Associated companies		486,201		201,217			40,120		65,930			46,424			27,138		8,902		(779,989	)		95,943
Other		100,246		111,579			80,917		148,651			36,104			23,366		29,182		272,559			802,604
Customer deposits		57,751		38,061			37,962		79,013			55,719			17,803		—		4,862			291,171
Taxes accrued		—		—			15,753		7,756			36,038			4,981		—		(64,528	)		—
Accumulated deferred income taxes		26,964		—			—		—			—			1,754		4,494		(33,212	)		—
Interest accrued		17,447		29,398			28,049		29,739			15,194			5,217		47,403		13,347			185,794
Deferred fuel costs		—		—			67,270		48,784			76,582			—		—		(137,689	)		54,947
Obligations under capital leases		49,738		28,795			—		42,714			—			—		30,058		1,310			152,615
Pension and other postretirement liabilities		—		7,064			1,236		8,772			—			—		—		14,110			31,182
System agreement cost equalization		—		124,775			92,225		46,000			—			—		—		5,000			268,000
Other		10,890		9,052			5,316		18,961			8,905			9,944		—		5,607			68,675
Total		749,237		1,224,941			677,971		496,320			274,966			120,203		146,740		(345,731	)		3,344,647
NON-CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued		1,330,324		1,219,568			697,693		1,803,430			535,469			114,729		314,991		(191,189	)		5,825,015
Accumulated deferred investment tax credits		55,854		95,745			25,724		86,045			9,748			2,809		65,184		2,430			343,539
Obligations under capital leases		77,283		81,974			—		1,818			7,806			—		51,558		(1	)		220,438
SFAS 109 regulatory liability – net		—		—			—		—			—			73,613		—		(73,613	)		—
Other regulatory liabilities		117,510		69,890			4,881		127,836			—			9,522		243,450		(82,766	)		490,323
Decommissioning and asset retirement cost liabilities		505,626		204,828			3,066		257,066			4,505			2,772		368,559		—			1,346,422
Accumulated provisions		14,414		11,887			8,863		18,405			50,264			14,329		2,469		3,852			124,483
Pension and other postretirement liabilities		260,381		102,510			14,418		145,786			56,946			15,484		30,031		422,189			1,047,745
Long-term debt		1,314,525		1,674,113			1,103,863		1,147,660			695,266			273,912		773,266		2,540,186			9,522,791
Gas insurance proceeds		—		—			—		—			—			36,958		—		(36,958	)		—
Other		73,739		87,468			66,019		85,214			44,243			14,640		145		879,270			1,250,738
Total		3,749,656		3,547,983			1,924,527		3,673,260			1,404,247			558,768		1,849,653		3,463,400			20,171,494
Preferred stock without sinking fund		116,350		10,000			—		100,000			50,381			19,780		—		(15,899	)		280,612
Commitments and Contingencies
SHAREHOLDERS’ OR MEMBERS’ EQUITY:
Common stock or members’ equity		470		1,311,838			49,452		1,481,509			199,326			33,744		789,350		(1,637,338	)		2,228,351
Paid-in capital/capital stock expense and other		588,527		—			631,994		—			(690	)		36,294		—		5,440,765			6,696,890
Minority interest		—		863			—		—			—			—		—		(863	)		—
Retained earnings		795,566		—			322,808		—			458,039			107,406		73,017		4,150,837			5,907,673
Accumulated other comprehensive income (loss)		—		(22,934	)		—		(27,968	)		—			—		—		(34,303	)		(85,205	)
Less – treasury stock, at cost		—		—			—		—			—			—		—		3,854,865			3,854,865
Total		1,384,563		1,289,767			1,004,254		1,453,541			656,675			177,444		862,367		4,064,233			10,892,844
TOTAL LIABILITIES AND SHAREHOLDERS’ OR MEMBERS’ EQUITY		$5,999,806	$	6,072,691		$	3,606,752	$	5,723,121		$	2,386,269		$	876,195	$	2,858,760	$	7,166,003		$	34,689,597

^(a) Excludes the operations of Entergy Texas, Inc.

Totals may not foot due to rounding.

27

UTILITY FINANCIAL RESULTS

UTILITY SELECTED ANNUAL FINANCIAL METRICS

	2007		2006	2005	2004	2003
ENTERGY ARKANSAS, INC.
As-Reported Earnings ($ millions)	132.2		165.6	166.9	134.4	118.2
Less Special Items ($ millions)	(5.9	)	—	—	—	(28.4	)
Operational Earnings ($ millions)	138.1		165.6	166.9	134.4	146.6
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	9.4		11.6	12.1	10.3	9.4
Return on Average Invested Capital – As-Reported (%)	6.5		7.6	7.6	6.6	6.2
Cash Flow Interest Coverage (# times)	5.2		7.0	7.7	7.9	5.5
Debt to Capital Ratio (%)	49.0		48.1	47.5	50.1	51.2
Total Debt ($ millions)	1,442		1,436	1,400	1,450	1,465
Total Preferred ($ millions)	116		116	116	116	116
Total Equity ($ millions)	1,385		1,434	1,430	1,327	1,278
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	9.8		11.6	12.1	10.3	11.7
Return on Average Invested Capital – Operational (%)	6.7		7.6	7.6	6.6	7.1
Net Debt to Net Capital Ratio (%)	49.0		47.5	47.4	48.5	51.1

	2007 PRO FORMA(a)
	ENTERGY TEXAS		ENTERGY GULF STATES LOUISIANA
ENTERGY GULF STATES LOUISIANA, L.L.C.
As-Reported Earnings ($ millions)	58.9		129.9		208.0	202.3	187.8	37.9
Less Special Items ($ millions)	—		(3.6	)	—	—	—	(102.4	)
Operational Earnings ($ millions)	58.9		133.5		208.0	202.3	187.8	140.3
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	5.9		10.4		9.4	10.1	10.8	2.2
Return on Average Invested Capital – As-Reported (%)	4.9		6.8		6.4	6.5	6.6	3.1
Cash Flow Interest Coverage (# times)	3.0		3.9	(c)	6.5	1.5	5.3	4.4
Debt to Capital Ratio (%)	51.9	(c)	56.5	(c)	52.0	51.7	53.1	58.3
Total Debt ($ millions)	1,083	(c)	1,690	(c)	2,442	2,426	2,078	2,439
Total Preferred ($ millions)	—		10		47	47	47	47
Total Equity ($ millions)	1,004		1,290		2,206	2,224	1,785	1,695
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	7.0	(c)	10.6		9.4	10.1	10.8	8.2
Return on Average Invested Capital – Operational (%)	4.9		6.9		6.4	6.5	6.6	5.6
Net Debt to Net Capital Ratio (%)	43.9		54.9		50.1	51.4	53.0	56.2
ENTERGY LOUISIANA, LLC(b)
As-Reported Earnings ($ millions)			136.4		130.7	128.1	127.5	146.1
Less Special Items ($ millions)			(2.2	)	—	—	—	(12.6	)
Operational Earnings ($ millions)			138.6		130.7	128.1	127.5	158.7
GAAP MEASURES
Return on Average Members’ Equity – As-Reported (%)			9.8		10.8	12.0	12.4	14.3
Return on Average Invested Capital – As-Reported (%)			7.1		7.3	7.8	8.4	8.9
Cash Flow Interest Coverage (# times)			5.6		6.1	3.1	8.3	6.0
Debt to Capital Ratio (%)			43.4		46.4	51.3	49.6	48.6
Total Debt ($ millions)			1,192		1,230	1,271	1,017	968
Total Preferred ($ millions)			100		100	100	—	—
Total Equity ($ millions)			1,454		1,318	1,105	1,033	1,022
NON-GAAP MEASURES
Return on Average Members’ Equity – Operational (%)			10.0		10.8	12.0	12.4	15.5
Return on Average Invested Capital – Operational (%)			7.2		7.3	7.8	8.4	9.5
Net Debt to Net Capital Ratio (%)			43.4		46.4	49.2	45.8	48.4

^(a) Effective December 31, 2007, Entergy Gulf States, Inc. completed a jurisdictional separation into two vertically integrated utility companies: Entergy Texas and Entergy Gulf States Louisiana. The above pro forma metrics for 2007 reflect the results as if the separation had occurred on January 1, 2007.

^(b) Effective December 31, 2005, Entergy Louisiana, LLC, (ELL), a limited liability company organized under the laws of the State of Texas as part of a restructuring involving a Texas statutory merger-by-division, succeeded to all of the regulated utility operations of Entergy Louisiana, Inc. (ELI). ELL was allocated substantially all of the property and other assets of ELI, including all assets used to provide retail and wholesale electric service to ELI’s retail customers. ELL also assumed substantially all of the liabilities of ELI, including all of its debt securities and leases but excluding the outstanding preferred stock of ELI. Current and prior periods reflect metrics for ELL.

^(c) See page 69 for Pro Forma calculations.

28

UTILITY FINANCIAL RESULTS

UTILITY SELECTED ANNUAL FINANCIAL METRICS (CONTINUED)

	2007		2006	2005		2004	2003
ENTERGY MISSISSIPPI, INC.
As-Reported Earnings ($ millions)	69.3		49.5	58.8		70.1	63.7
Less Special Items ($ millions)	—		—	—		—	(4.5	)
Operational Earnings ($ millions)	69.3		49.5	58.8		70.1	68.2
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	10.9		8.3	10.6		13.3	12.8
Return on Average Invested Capital – As-Reported (%)	6.9		5.9	6.7		7.7	7.2
Cash Flow Interest Coverage (# times)	4.8		10.1	1.1		7.3	7.3
Debt to Capital Ratio (%)	49.9		54.3	52.7		54.2	56.4
Total Debt ($ millions)	704		795	695		695	730
Total Preferred ($ millions)	50		50	50		50	50
Total Equity ($ millions)	657		618	573		537	514
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	10.9		8.3	10.6		13.3	13.7
Return on Average Invested Capital – Operational (%)	6.9		5.9	6.7		7.7	7.6
Net Debt to Net Capital Ratio (%)	48.4		51.9	52.6		51.1	54.1
ENTERGY NEW ORLEANS, INC.
As-Reported Earnings ($ millions)	23.5		4.1	0.8		27.1	6.9
Less Special Items ($ millions)	—		—	—		—	(3.0	)
Operational Earnings ($ millions)	23.5		4.1	0.8		27.1	9.9
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	14.2		2.7	0.5		18.9	5.3
Return on Average Invested Capital – As-Reported (%)	7.7		3.3	1.8		9.6	4.6
Cash Flow Interest Coverage (# times)	11.5		5.9	(1.9	)	5.2	1.6
Debt to Capital Ratio (%)	60.6		61.9	66.4		56.9	60.1
Total Debt ($ millions)
Not Subject to Compromise ($ millions)	304		282	105		230	229
Subject to Compromise ($ millions)	—		—	230		—	—
Total Debt ($ millions)	304		282	335		230	229
Total Preferred ($ millions)	20		20	20		20	20
Total Equity ($ millions)	177		154	150		154	133
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	14.2		2.7	0.5		18.9	7.6
Return on Average Invested Capital – Operational (%)	7.7		3.3	1.8		9.6	5.4
Net Debt to Net Capital Ratio (%)	51.8		60.4	62.8		56.0	59.6
SYSTEM ENERGY RESOURCES, INC.
As-Reported Earnings ($ millions)	136.1		140.3	111.6		105.9	106.0
Less Special Items ($ millions)	(1.9	)	—	—		—	(6.1	)
Operational Earnings ($ millions)	138.0		140.3	111.6		105.9	112.1
GAAP MEASURES
Return on Average Common Equity – As-Reported (%)	15.8		16.0	12.5		11.9	11.9
Return on Average Invested Capital – As-Reported (%)	9.8		9.9	8.1		7.7	7.9
Cash Flow Interest Coverage (# times)	4.9		3.1	5.5		7.1	2.9
Debt to Capital Ratio (%)	50.6		50.6	51.1		51.2	51.2
Total Debt ($ millions)	882		879	934		940	936
Total Preferred ($ millions)	—		—	—		—	—
Total Equity ($ millions)	862		857	894		895	893
NON-GAAP MEASURES
Return on Average Common Equity – Operational (%)	16.0		16.0	12.5		11.9	12.6
Return on Average Invested Capital – Operational (%)	9.9		9.9	8.1		7.7	8.2
Net Debt to Net Capital Ratio (%)	47.4		46.4	49.0		44.7	49.7

Certain prior year data has been reclassified to conform with current year presentation.

29

UTILITY SECURITIES DETAIL

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY ARKANSAS, INC.

BONDS: CUSIP				Maturity	First Call	Current or	As of December 31,
		Type*	Rate	Date	Date	First Call Price	2007			2006			2005
							(in millions)
29364DAM2	4.50% Series	M	4.50%	05/10	Now	MW (T + .25%)		100			100			100
732835AW3	6.3% Series – Pope County(c)	G(b)	6.3%	2016	Now	100%		20			20			20
472712EQ7	5.6% Series – Jefferson County	G(b)	5.6%	2017	Now	100%		—			—			46
472712ER5	4.6% Series – Jefferson County(c)	G(b)	4.6%	10/17	6/13/11	100%		55			55			—
472712DN5	6.3% Series – Jefferson County(c)	G(b)	6.3%	2018	Now	101%		—			—			9
29364DAE0	5.4% Series	M	5.4%	05/18	Now	MW (T + .25%)		150			150			150
29364DAH3	5.0% Series	M	5.0%	07/18	Now	MW (T + .25%)		115			115			115
732835BA0	6.3% Series – Pope County	G(b)	6.3%	2020	Now	100%		120			120			120
453424BP	5.0% Series – Independence County(c)	G(b)	5.0%	2021	7/1/10	100%		45			45			45
29364DAL4	5.66% Series	M	5.66%	02/25	Now	MW (T + .20%)		175			175			175
29364D811	6.7% Series	M	6.7%	04/32	Now	100%		100			100			100
29364D795	6.0% Series	M	6.0%	11/32	Now	100%		100			100			100
29364DAJ9	5.9% Series	M	5.9%	06/33	Now	MW (T + .25%)		100			100			100
29364DAK6	6.38% Series	M	6.38%	11/34	Now	MW (T + .25%)		60			60			60
	Total bonds							1,139			1,139			1,139
OTHER LONG-TERM DEBT:
	Long-Term United States Department of Energy Obligation(d)							177			169			161
	Unamortized Premium and Discount – Net							(2	)		(2	)		(2	)
	Other							—			—			—
TOTAL LONG-TERM DEBT								1,315			1,306			1,298
Less Amount Due Within One Year								—			—			—
Long-Term Debt Excluding Amount Due Within One Year							$	1,315		$	1,306		$	1,298
Fair Value of Long-Term Debt(a)							$	1,101		$	1,113		$	1,141
* M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								5.6	%		5.6	%		5.7	%

^(a) The fair value excludes lease obligations, long-term DOE obligations, and other long-term debt and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

^(b) Consists of pollution control revenue bonds and environmental revenue bonds.

^(c) The bonds are secured by a series of collateral first mortgage bonds.

^(d) Pursuant to the Nuclear Waste Policy Act of 1982, Entergy’s nuclear owner/licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service. The contracts include a one-time fee for generation prior to April 7, 1983. Entergy Arkansas is the only Entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term debt.

Totals may not foot due to rounding.

PREFERRED STOCK:				Shares Authorized and Outstanding As of December 31,			As of December 31,						Call Price Per Share as of December 31,
CUSIP		Rate		2007	2006	2005	2007		2006		2005		2007
							(in millions)
	Without sinking fund:
	Cumulative, $100 par value:
29364D209	4.32% Series	4.32	%	70,000	70,000	70,000	$	7	$	7	$	7	$	103.65
29364D506	4.72% Series	4.72	%	93,500	93,500	93,500		9		9		9		107.00
29364D308	4.56% Series	4.56	%	75,000	75,000	75,000		8		8		8		102.83
29364D407	4.56% 1965 Series	4.56	%	75,000	75,000	75,000		8		8		8		102.50
29364D605	6.08% Series	6.08	%	100,000	100,000	100,000		10		10		10		102.83
29364D704	7.32% Series	7.32	%	—	—	100,000		—		—		10		—
29364D803	7.80% Series	7.80	%	—	—	150,000		—		—		15		—
29364D829	7.40% Series	7.40	%	—	—	200,000		—		—		20		—
29364D852	7.88% Series	7.88	%	—	—	150,000		—		—		15		—
	Cumulative, $25 par value:
29364D787	6.45% Series(b)	6.45	%	3,000,000	3,000,000	—		75		75		—		—
	Cumulative, $0.01 par value:
29364D837	$1.96 Series(a)			—	—	600,000		—		—		15		—
	Total without sinking fund			3,413,500	3,413,500	1,613,500	$	116	$	116	$	116

^(a) The total dollar value represents the liquidation value of $25 per share.

^(b) Series is non-callable until April 2011; thereafter callable at par.

Totals may not foot due to rounding.

30

UTILITY SECURITIES DETAIL

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY GULF STATES LOUISIANA, L.L.C.

BONDS:				Maturity	First Call	Current or	As of December 31,
CUSIP		Type*	Rate	Date	Date	First Call Price	2007			2006			2005
							(in millions)
29364LAG7	3.6% Series	M(c)	3.6%	06/08	Now	100%		325			325			325
296364LAW2	Libor + 0.75% Series	M(c)	Libor + 0.75%	12/08	Now	100%		350			350			350
29364LAN5	Libor + 0.4% Series	M(c)	Libor + 0.4%	12/09	Now	100%		219			225			225
29364LAV4	5.12% Series	M(c)	5.12%	08/10	Now	100%		100			100			100
128318BL5	5.45% Series – Calcasieu Parish	G(b,c)	5.45%	2010	Now	100%		22			22			22
730816AF9	6.75% Series – Calcasieu Parish	G(b,c)	6.75%	2012	Now	100%		48			48			48
29364LAQ5	4.875% Series	M(c)	4.875%	11/11	Now	100%		200			200			200
29364LAF9	6.0% Series	M(c)	6.0%	12/12	Now	100%		140			140			140
730816AF9	6.7% Series – Pointe Coupee Parish	G(b,c)	6.7%	2013	Now	100%		17			17			17
450877AJ	5.7% Series – Iberville Parish	G(b,c)	5.7%	2014	Now	100%		22			22			22
952789AU9,
952789AV7
29364LAS1	5.6% Series	M(c)	5.6%	12/14	Now	100%		50			50			50
29364LAU6	5.70% Series	M(c)	5.70%	06/15	Now	MW (T +. 30%)		200			200			200
952789AQ8	5.8% Series – West Feliciana Parish	G(b,c)	5.8%	2015	Now	100%		28			28			28
952789AW5	7.0% Series – West Feliciana Parish	G(b,c)	7.0%	2015	Now	100%		39			39			39
29364LAN2	5.25% Series	M(c)	5.25%	08/15	Now	100%		200			200			200
952789AR6	5.8% Series – West Feliciana Parish	G(b,c)	5.8%	2016	Now	100%		20			20			20
952789BB0	6.6% Series – West Feliciana Parish	G(b,c)	6.6%	2028	Now	100%		40			40			40
29364LAL6	6.2% Series	M(c)	6.2%	07/33	Now	MW (T + .15%)		240			240			240
2936LAT9	6.18% Series	M(c)	6.18%	03/35	Now	MW (T + .30%)		85			85			85
	Total bonds							2,346			2,352			2,352
OTHER LONG-TERM DEBT:
	Unamortized Premium and Discount – Net							(1	)		(2	)		(3	)
	Other							4			9			9
TOTAL LONG-TERM DEBT								2,349			2,358			2,358
Less Amount Due Within One Year								675			—			—
Long-Term Debt Excluding Amount Due Within One Year							$	1,674		$	2,358		$	2,358
Fair Value of Long-Term Debt(a)							$	2,283		$	2,324		$	2,365
* M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								5.5	%		5.5	%		5.3	%

^(a) The fair value excludes lease obligations, long-term DOE obligations, and other long-term debt and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

^(b) Consists of pollution control revenue bonds and environmental revenue bonds.

^(c) Entergy Gulf States Louisiana remains primarily liable for all of the long-term debt issued by Entergy Gulf States, Inc. that was outstanding on December 31,2007. Under a debt assumption agreement with Entergy Gulf States Louisiana, Entergy Texas assumed 46% of this long-term debt. Entergy Gulf States Louisiana recorded an assumption asset on its balance sheet to reflect the long-term debt assumed by Entergy Texas.

Totals may not foot due to rounding.

PREFERRED MEMBERSHIP INTERESTS: CUSIP				Shares Authorized and Outstanding As of December 31,			As of December 31,						Redemption Price Per Share as of December 31, 2007
		Rate		2007	2006	2005	2007		2006		2005
							(in millions)
Cumulative, $100 liquidation value
	8.25% Series(c)			100,000	—	—	$	10		—		—	—
Authorized 6,000,000 shares, $100 par value, cumulative
	Without sinking fund:
29364L201	4.40% Series	4.40	%	—	51,173	51,173		—	$	5	$	5	—
29364L789	4.50% Series	4.50	%	—	5,830	5,830		—		1		1	—
29364L797	4.40% 1949 Series	4.40	%	—	1,655	1,655		—		—		—	—
29364L805	4.20% Series	4.20	%	—	9,745	9,745		—		1		1	—
29364L300	4.44% Series	4.44	%	—	14,804	14,804		—		1		1	—
29364L508	5.00% Series	5.00	%	—	10,993	10,993		—		1		1	—
29364L607	5.08% Series	5.08	%	—	26,845	26,845		—		3		3	—
29364L409	4.52% Series	4.52	%	—	10,564	10,564		—		1		1	—
29364L706	6.08% Series	6.08	%	—	32,829	32,829		—		3		3	—
29364L847	7.56% Series	7.56	%	—	308,830	308,830		—		31		31	—
	Total without sinking fund			100,000	473,268	473,268	$	10	$	47	$	47
	With sinking fund:
29364L839	Adjustable Rate – A, 7.0%(b)	7.0	%	—	60,000	72,000		—		6		7	—
29364L821	Adjustable Rate – B, 7.0%(b)	7.0	%	—	45,000	67,500		—		4		7	—
	Total with sinking fund			—	105,000	139,500		—	$	10	$	14
Fair Value of Preferred Membership Interests with sinking fund(a)								—	$	8	$	15

^(a) Fair values were determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

^(b) Represents weighted-average annualized rates for 2006 and 2005.

^(c) Series is non-callable until January 2016; thereafter callable at par.

Totals may not foot due to rounding.

31

UTILITY SECURITIES DETAIL

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY LOUISIANA, LLC

BONDS: CUSIP		Type*			Maturity Date	First Call Date	Current or First Call Price	As of December 31,
			Rate					2007			2006			2005
								(in millions)
29364WAD0	4.67% Series	M	4.67	%	06/10	Now	MW (T + .20%)	$	55		$	55		$	55
29364WAG3	5.83% Series	M	5.83	%	11/10	Now	100%		150			150			150
29364WAC2	5.09% Series	M	5.09	%	9/14	Now	MW (T + .20%)		115			115			115
29364WAE8	5.56% Series	M	5.56	%	09/15	Now	MW (T + .25%)		100			100			100
29364WAA6	5.5% Series	M	5.5	%	04/19	Now	MW (T + .25%)		100			100			100
788050AE2	5.95% Series – St. Charles Parish(c)	G(b)	5.95	%	2023	Now	101%		—			—			25
788070CD0	Auction Rate – St. Charles Parish(c)	G(b)	3.5	%	2030	Now	100%		60			60			60
29364W207	7.6% Series	M	7.6	%	04/32	Now	100%		150			150			150
29364WAB4	6.4% Series	M	6.4	%	10/34	Now	MW (T + .25%)		70			70			70
29364WAF5	6.3% Series	M	6.3	%	09/35	Now	MW (T + .35%)		100			100			100
	Total bonds								900			900			925
OTHER LONG-TERM DEBT:
	Waterford 3 Lease Obligation 7.45%		7.45	%					248			248			248
	Unamortized Premium and Discount – Net								—			—			—
TOTAL LONG-TERM DEBT									1,148			1,148			1,172
Less Amount Due Within One Year									—			—			—
Long-Term Debt Excluding Amount Due Within One Year								$	1,148		$	1,148		$	1,172
Fair Value of Long-Term Debt(a)								$	875		$	870		$	935
* M = Mortgage; G = Governmental
Weighted-average annualized coupon rate									6.2	%		6.2	%		6.2	%

^(a) The fair value excludes lease obligations, long-term DOE obligations, and other long-term debt and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

^(b) Consists of pollution control revenue bonds and environmental revenue bonds.

^(c) The bonds are secured by a series of collateral first mortgage bonds.

Totals may not foot due to rounding.

ENTERGY LOUISIANA HOLDINGS, INC.^(a)

PREFERRED STOCK: CUSIP				Shares Authorized and Outstanding As of December 31,			As of December 31,						Call Price Per Share as of December 31, 2007
		Rate		2007	2006	2005	2007		2006		2005
							(in millions)
	Without sinking fund:
	Cumulative, $100 par value:
29364M407	4.96% Series	4.96	%	—	—	60,000	$	—	$	—	$	6	—
29364M209	4.16% Series	4.16	%	—	—	70,000		—		—		7	—
29364M308	4.44% Series	4.44	%	—	—	70,000		—		—		7	—
29364M506	5.16% Series	5.16	%	—	—	75,000		—		—		8	—
29364M605	5.40% Series	5.40	%	—	—	80,000		—		—		8	—
29364M704	6.44% Series	6.44	%	—	—	80,000		—		—		8	—
29364M845	7.84% Series	7.84	%	—	—	100,000		—		—		10	—
29364M837	7.36% Series	7.36	%	—	—	100,000		—		—		10	—
	Cumulative, $25 par value:
29364M803	8.00% Series	8.00	%	—	—	1,480,000		—		—		37	—
	Total without sinking fund			—	—	2,115,000	$	—	$	—	$	101	—

^(a) On December 31, 2005, and immediately prior to the formation of Entergy Louisiana, LLC (ELL), Entergy Louisiana, Inc. (ELI) changed its state of incorporation from Louisiana and its name to Entergy Louisiana Holdings, Inc. (ELH). ELH succeeded to ELI’s rights and obligations with respect to ELI’s outstanding preferred stock. In June 2006, ELH redeemed all of its preferred stock and amended its charter to eliminate authority to issue any future series of preferred stock.

Totals may not foot due to rounding.

ENTERGY LOUISIANA, LLC

PREFERRED MEMBERSHIP INTERESTS:

				Shares Authorized and Outstanding As of December 31,			As of December 31,						Call Price Per Share as of December 31, 2007
CUSIP		Rate		2007	2006	2005	2007		2006		2005
							(in millions)
	Without sinking fund:
	Cumulative, $100 par value:
293649208	6.95% Series (a)	6.95	%	1,000,000	1,000,000	1,000,000	$	100	$	100	$	100	—

^(a) Series is non-callable until December 2010; thereafter callabe at par.

32

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY MISSISSIPPI, INC.

BONDS: CUSIP								Current or First	As of December 31,
		Type*		Rate		Maturity Date	First Call Date	Call Price	2007			2006			2005
									(in millions)
29364NAJ7	4.35% Series	M		4.35	%	04/08	Now	100%	$	—		$	100		$	100
29364NAM0	4.65% Series	M		4.65	%	05/11	Now	MW (T + .30%)		80			80			80
29364NAH1	5.15% Series	M		5.15	%	02/13	Now	MW (T + .20%)		100			100			100
29364NAN8	5.92% Series	M		5.92	%	02/16	Now	MT (T + .30%)		100			100			—
29364NAK4	4.95% Series	M		4.95	%	06/18	Now	MW (T + .25%)		95			95			95
605277AF9	4.60% Series –
	Mississippi Business Finance Corp.(c)	G	(b)	4.60	%	2022	10/1/09	100%		16			16			16
453424BN2	Auction Rate – Independence County(c)	G	(b)	3.63	%	2022	Now	100%		30			30			30
29364N876	6.0% Series	M		6.0	%	11/32	Now	100%		75			75			75
29364N868	7.25% Series	M		7.25	%	12/32	Now	100%		100			100			100
29364NAL2	6.25% Series	M		6.25	%	04/34	Now	MW (T + .25%)		100			100			100
Total bonds										696			796			696
OTHER LONG-TERM DEBT:
	Unamortized Premium and Discount – Net									(1	)		(1	)		(1	)
TOTAL LONG-TERM DEBT										695			795			695
Less Amount Due Within One Year										—			—			—
Long-Term Debt Excluding Amount Due Within One Year									$	695		$	795		$	695
Fair Value of Long-Term Debt(a)									$	671		$	779		$	698
*  M = Mortgage; G = Governmental
Weighted-average annualized coupon rate										5.7	%		5.5	%		5.4	%

^(a) The fair value excludes lease obligations, long-term DOE obligations, and other long-term debt and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

^(b) Consists of pollution control revenue bonds and environmental revenue bonds.

^(c) The bonds are secured by a series of collateral first mortgage bonds.

Totals may not foot due to rounding.

				Shares Authorized And Outstanding As Of December 31,			As of December 31,						Call Price Per Share as of December 31, 2007
PREFERRED STOCK: CUSIP
		Rate		2007	2006	2005	2007		2006		2005
							(in millions)
	Without sinking fund:
	Cumulative, $100 par value:
29364N207	4.36% Series	4.36	%	59,920	59,920	59,920	$	6	$	6	$	6	$	103.88
29364N306	4.56% Series	4.56	%	43,887	43,887	43,887		4		4		4		107.00
29364N405	4.92% Series	4.92	%	100.000	100,000	100,000		10		10		10		102.88
	Cumulative, $25 par value:
29364N850	6.25% Series(a)	6.25	%	1,200,000	1,200,000	1,200,000		30		30		30		—
	Total without sinking fund			1,403,807	1,403,807	1,403,807	$	50	$	50	$	50

^(a) Series is non-callable until August 2010; thereafter callable at par.

Totals may not foot due to rounding.

33

UTILITY SECURITIES DETAIL

UTILITY LONG-TERM DEBT AND PREFERRED STOCK

ENTERGY NEW ORLEANS, INC.

BONDS: CUSIP		Type*	Rate	Maturity Date	First Call Date	Current or First Call Price	As of December 31,
							2007			2006			2005
							(in millions)
29364PAE3	3.875% Series	M	3.88%	08/08	Now	MW (T + .25%)		30			30			30
29364PAL7	4.98% Series	M	4.98%	07/10	Now	101%		30			30			30
29364PAF0	5.25% Series	M	5.25%	08/13	Now	MW (T + .25%)		70			70			70
29364PAD5	6.75% Series	M	6.75%	10/17	Now	100%		25			25			25
29364PAK9	5.6% Series	M	5.60%	09/24	9/1/08	100%		35			35			35
29364PAJ2	5.65% Series	M	5.65%	09/29	9/1/09	100%		40			40			40
	Total bonds							230			230			230
OTHER LONG-TERM DEBT:
Affiliated Notes Payable								74			—			—
Unamortized Premium and Discount – Net								—			—			—
TOTAL LONG-TERM DEBT(b)								304			230			230
Less Amount Due Within One Year								30			—			—
Long-Term Debt Excluding Amount Due Within One Year							$	274		$	230		$	230
Fair Value of Long-Term Debt(a)							$	220		$	219		$	199
* M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								5.3	%		5.3	%		5.3	%

^(a) The fair value excludes lease obligations, long-term DOE obligations, and other long-term debt and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

^(b) The 2005 long-term debt is classified as Liabilities Subject to Compromise on the Balance Sheet.

Totals may not foot due to rounding.

PREFERRED STOCK: CUSIP				Shares Authorized and Outstanding As of December 31,			As of December 31,						Call Price Per Share as of December 31,
		Rate		2007	2006	2005	2007		2006		2005		2007
							(in millions)
	Without sinking fund:
	Cumulative, $100 par value:
29364P301	4.75% Series	4.75	%	77,798	77,798	77,798	$	8	$	8	$	8	$	105.00
29364P202	4.36% Series	4.36	%	60,000	60,000	60,000		6		6		6		104.58
29364P400	5.56% Series	5.56	%	60,000	60,000	60,000		6		6		6		102.59
	Total without sinking fund			197,798	197,798	197,798	$	20	$	20	$	20

SYSTEM ENERGY RESOURCES, INC.

BONDS: CUSIP			Rate	Maturity Date	First Call Date	Current or First Call Price	As of December 31,
		Type*					2007			2006			2005
							(in millions)
871911AQ6	4.875% Series	M	4.88%	10/07	Now	MW (T + .30%)	$	—		$	70		$	70
	6.2% Series	M	6.20%					70			—			—
	5.875% Series –
179423AC2	Mississippi Business Finance Corp.	G(b)	5.875%	2022	Now	100%		216			216			216
	5.9% Series –
605277AC6	Mississippi Business Finance Corp.	G(b)	5.9%	2022	Now	100%		103			103			103
179423AK4	6.2% Series – Claiborne County	G(b)	6.2%	2026	Now	100%		90			90			90
	Total bonds							479			479			479
OTHER LONG-TERM DEBT:
Grand Gulf Lease Obligation 5.13%			5.13%					322			345			365
Unamortized Premium and Discount – Net								(1	)		(1	)		(1	)
TOTAL LONG-TERM DEBT								800			823			843
Less Amount Due Within One Year								27			93			23
Long-Term Debt Excluding Amount Due Within One Year							$	773		$	730		$	820
Fair Value of Long-Term Debt(a)							$	481		$	480		$	475
* M = Mortgage; G = Governmental
Weighted-average annualized coupon rate								5.6	%		5.6	%		5.6	%

^(a) The fair value excludes lease obligations, long-term DOE obligations, and other long-term debt and includes debt due within one year. It is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.

^(b) Consists of pollution control revenue bonds and environmental revenue bonds.

Totals may not foot due to rounding.

34

UTILITY STATISTICAL INFORMATION

UTILITY TOTAL CAPABILITY

	Operated		Owned & Leased (MW)(a)	Operated (MW)
As of December 31, 2007.	Plants	Units
Plants that use fuel type:
Gas/Oil	27	71	14,728	15,462
Coal	3	5	2,244	3,868
Petroleum Coke	1	2	—	200
Total Fossil	31	78	16,972	19,530
Hydro	3	7	67	147
Nuclear	4	5	5,106	5,233
Total Capability	38	90	22,145	24,910

All plants that have units with multiple fuel types are in the Gas & Oil plant count.

^(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

UTILITY SELECTED OPERATING DATA

	2007	2006		2005		2004	2003
SOURCES OF ENERGY (GWh)(a)
Net Generation:
Gas & Oil	24,131	18,703		21,388		22,619	22,797
Coal	15,035	14,383		13,502		15,359	14,057
Nuclear	40,988	41,687		38,432		41,710	40,628
Hydro	135	74		97		151	115
Total Net Generation	80,289	74,847		73,419		79,839	77,597
Purchased Power:
Affiliated Companies	729	1,428		3,501		1,545	1,027
Non-affiliated Companies	33,978	36,974		36,689		36,422	36,660
Total Purchased Power	34,707	38,402		40,190		37,967	37,687
Total Sources of Energy	114,996	113,249		113,609		117,806	115,284
USES OF ENERGY (GWh)(a)
Electric Energy Sales:
Residential	33,281	31,665		31,569		32,897	32,817
Commercial	27,408	25,079		24,401		26,468	25,863
Industrial	38,985	38,339		37,615		40,293	38,637
Governmental	2,339	1,580		1,568		2,568	2,651
Total Retail	102,013	96,663		95,153		102,226	99,968
Sales for Resale	6,145	10,803		11,460		8,623	9,248
Unbilled Energy	277	(167	)	(823	)	1,140	249
Total Electric Energy Sales	108,435	107,299		105,790		111,989	109,465
Line Losses and Company Usage	6,561	5,950		7,819		5,817	5,819
Total Uses of Energy	114,996	113,249		113,609		117,806	115,284
Peak Demand (MW)	22,001	20,887		21,391		21,174	20,162
Operational Summer Capacity at Peak (MW)	23,996	22,087		22,247		21,207	21,144
Annual System Load Factor (%)	59	62		59		60	62
Retail Electric Sales Growth Rate (%)(a)	5.5	1.6		(1.1	)	2.3	(1.6	)
Retail Electric Sales Weather-Adjusted Growth Rate (%)(a)	6.0	1.9		(2.7	)	2.8	(1.4	)
Regional Gross Domestic Product Rate (%)	3.8	2.6		(0.3	)	2.5	2.2
National Gross Domestic Product Rate (%)	2.2	3.3		3.6		4.4	3.0
Average Fuel Cost (cents/KWh)(a)
Natural Gas	8.05	7.75		9.91		7.31	6.53
Nuclear Fuel	0.57	0.51		0.49		0.49	0.48
Coal	1.85	1.76		1.57		1.39	1.26
Fuel Oil	14.13	13.34		7.05		5.02	5.04
Purchased Power	5.62	5.48		6.37		4.51	4.24

^(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

35

UTILITY STATISTICAL INFORMATION

2007 CONSOLIDATING UTILITY ELECTRIC STATISTICAL INFORMATION

	EAI	EGSL	ELL	EMI		ENOI	SERI		ELIMINATIONS		TOTAL	%
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	689,885	1,042,036	853,780	500,097		142,497	—		—		3,228,295	36	%
Commercial	408,561	817,252	578,025	427,545		181,438	—		—		2,412,821	27	%
Industrial	406,984	1,034,508	871,853	185,119		46,697	—		—		2,545,161	28	%
Governmental	18,972	45,293	43,550	40,417		72,467	—		—		220,698	2	%
Total Retail	1,524,402	2,939,089	2,347,208	1,153,178		443,099	—		—		8,406,975	93	%
Sales for Resale	458,372	429,130	318,001	171,710		103,843	553,189		(1,641,034	)	393,211	4	%
Other	50,191	79,789	72,343	47,914		10,516	4		(14,642	)	246,115	3	%
Total	2,032,965	3,448,008	2,737,552	1,372,802		557,458	553,193		(1,655,676	)	9,046,301	100	%
FUEL REVENUES (included in above revenues)
Residential	124,582	558,223	415,883	215,446		71,496	—		—		1,385,630	32	%
Commercial	92,056	484,589	280,200	192,289		101,932	—		—		1,151,066	27	%
Industrial	115,077	774,234	614,448	100,293		28,745	—		—		1,632,797	38	%
Governmental	4,308	24,066	21,305	16,605		42,750	—		—		109,034	3	%
Total Retail	336,023	1,841,112	1,331,836	524,633		244,923	—		—		4,278,527	100	%
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	89	7,669	8,784	5,734		1,855	—		—		24,131	21	%
Coal	7,935	4,074	—	3,026		—	—		—		15,035	13	%
Nuclear	15,486	7,188	9,893	—		—	8,421		—		40,988	36	%
Hydro	135	—	—	—		—	—		—		135	0	%
Total Net Generation	23,645	18,931	18,677	8,760		1,855	8,421		—		80,289	70	%
Purchased Power:
Affiliated Companies	3,636	5,514	6,025	4,602		3,428	—		(22,476	)	729	1	%
Non-affiliated Companies	5,790	17,658	7,484	2,706		340	—		—		33,978	30	%
Total Purchased Power	9,426	23,172	13,509	7,308		3,768	—		(22,476	)	34,707	30	%
Total Sources of Energy	33,071	42,103	32,186	16,068		5,623	8,421		(22,476	)	114,996	100	%
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	7,725	10,215	8,646	5,474		1,221	—		—		33,281	33	%
Commercial	5,945	8,980	5,848	4,872		1,763	—		—		27,408	27	%
Industrial	7,424	15,012	13,209	2,771		568	—		—		38,985	38	%
Governmental	277	448	446	421		747	—		—		2,339	2	%
Total Retail	21,371	34,655	28,149	13,538		4,299	—		—		102,013	100	%
Sales for Resale	9,836	5,388	2,411	1,493		1,010	8,440		(22,433	)	6,145	—
Unbilled Energy	35	125	124	(22	)	15	—		—		277	—
Total Electric Energy Sales	31,242	40,168	30,684	15,009		5,324	8,440		(22,433	)	108,435	—
Line Losses and Company Usage	1,829	1,935	1,502	1,059		299	(19	)	(45	)	6,561	—
Total Uses of Energy	33,071	42,103	32,186	16,068		5,623	8,421		(22,476	)	114,996	—
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	8.93	10.20	9.87	9.14		11.67	—		—		9.70	—
Commercial	6.87	9.10	9.88	8.78		10.29	—		—		8.80	—
Industrial	5.48	6.89	6.60	6.68		8.22	—		—		6.53	—
Governmental	6.85	10.11	9.76	9.60		9.70	—		—		9.44	—
NUMBER OF RETAIL ELECTRIC CUSTOMERS(a) (as of December 31, 2007)
Residential	576,975	661,705	568,893	361,725		115,523	—		—		2,284,821	86	%
Commercial	86,532	89,712	73,012	63,642		12,211	—		—		325,109	12	%
Industrial	20,040	9,254	8,374	3,109		2,765	—		—		43,542	2	%
Governmental	618	3,727	5,229	4,096		1,308	—		—		14,978	1	%
Total Retail Customers	684,165	764,398	655,508	432,572		131,807	—		—		2,668,450	100	%

^(a) Customer count data reflects estimates of customers in the hardest hit areas affected by Hurricane Katrina. Issues associated with temporary housing and resumption of service at permanent dwellings render precise counts difficult at this time.

Totals may not foot due to rounding.

36

UTILITY STATISTICAL INFORMATION

ENTERGY ARKANSAS, INC.

	2007	2006	2005		2004	2003
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	689,885	705,998	620,327		539,293	525,558
Commercial	408,561	417,914	347,641		304,809	291,442
Industrial	406,984	435,931	361,879		318,440	305,333
Governmental	18,972	19,390	17,722		15,796	14,792
Total Retail	1,524,402	1,579,233	1,347,569		1,178,338	1,137,125
Sales for Resale	458,372	472,509	403,090		436,049	421,893
Other	50,191	40,941	38,397		38,758	30,652
Total Electric Operating Revenues	2,032,965	2,092,683	1,789,056		1,653,145	1,589,670
FUEL REVENUES (included in above revenues)
Residential	124,582	183,931	107,585		70,315	63,152
Commercial	92,056	139,330	81,478		54,558	47,930
Industrial	115,077	179,291	103,181		69,712	63,204
Governmental	4,308	6,521	4,034		2,741	2,368
Total Retail Fuel Revenues	336,023	509,073	296,278		197,326	176,654
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	89	54	266		158	493
Coal	7,935	7,226	6,899		8,070	7,519
Nuclear	15,486	15,233	13,681		15,442	14,689
Hydro	135	74	97		151	115
Total Net Generation	23,645	22,587	20,943		23,821	22,816
Purchased Power:
Affiliated Companies	3,636	3,898	4,731		3,471	3,630
Non-affiliated Companies	5,790	7,107	5,858		6,562	7,293
Total Purchased Power	9,426	11,005	10,589		10,033	10,923
Total Sources of Energy	33,071	33,592	31,532		33,854	33,739
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	7,725	7,655	7,653		7,028	7,057
Commercial	5,945	5,816	5,730		5,428	5,328
Industrial	7,424	7,587	7,334		7,004	6,999
Governmental	277	273	288		275	266
Total Retail	21,371	21,331	21,005		19,735	19,650
Sales for Resale	9,836	10,608	8,658		12,348	12,435
Unbilled Energy	35	21	(83	)	121	(57	)
Total Electric Energy Sales	31,242	31,960	29,580		32,204	32,028
Line Losses and Company Usage	1,829	1,632	1,952		1,650	1,711
Total Uses of Energy	33,071	33,592	31,532		33,854	33,739
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	8.93	9.22	8.11		7.67	7.45
Commercial	6.87	7.19	6.07		5.62	5.47
Industrial	5.48	5.75	4.93		4.55	4.36
Governmental	6.85	7.10	6.16		5.75	5.56
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Residential	576,975	572,865	571,168		562,899	557,025
Commercial	86,532	84,768	82,508		82,778	81,082
Industrial	20,040	21,026	20,364		21,212	21,336
Governmental	618	662	643		601	564
Total Retail Customers	684,165	679,321	674,683		667,490	660,007

37

UTILITY STATISTICAL INFORMATION

ENTERGY ARKANSAS, INC.

GENERATION PORTFOLIO

								Total Plant - 2007
Plant	Unit	Ownership		Commercial Operation	Owned & Leased Capability (MW)(a)	Fuel Type	Purpose	Net Generation (MWH)		Expenses Per Net MWH		Total Production Expense ($ 000)
Cecil Lynch	2	100	%	1949	60	Gas/Oil	Peaking	32,966		250.83		8,269
	3	100	%	1954	110	Gas/Oil	Peaking
Harvey Couch	1	100	%	1943	12	Gas/Oil	Reserve	25,113		262.69		6,597
	2	100	%	1954	125	Gas/Oil	Intermediate
Lake Catherine	1	100	%	1950	—	Gas/Oil	Reserve	25,877		290.30		7,512
	2	100	%	1950	—	Gas/Oil	Reserve
	3	100	%	1953	—	Gas/Oil	Reserve
	4	100	%	1970	547	Gas/Oil	Peaking
Hamilton Moses	1	100	%	1951	70	Gas/Oil	Reserve	(145	)	(3,786.21	)	549
	2	100	%	1951	70	Gas/Oil	Reserve
Mabelvale	1	100	%	1970	14	Gas/Oil	Peaking	5,852		256.32		1,500
	2	100	%	1970	14	Gas/Oil	Peaking
	3	100	%	1970	14	Gas/Oil	Peaking
	4	100	%	1970	14	Gas/Oil	Peaking
Robert Ritchie	1	100	%	1961	300	Gas/Oil	Reserve	(649	)	(1,249.61	)	811
	3	100	%	1970	16	Gas/Oil	Peaking	2		65,500.00		131
Independence	1	31.5	%	1983	263	Coal	Base	2,056,047		20.20		41,528
White Bluff	1	57	%	1980	465	Coal	Base	5,879,342		22.70		133,471
	2	57	%	1981	470	Coal	Base
Cecil Lynch	Diesel	100	%	1967	5	Oil	Peaking	—		—		5
Carpenter	1	100	%	1932	29	Hydro	Peaking	104,737		12.12		1,269
	2	100	%	1933	30	Hydro	Peaking
Remmel	1	100	%	1923	4	Hydro	Peaking	30,004		24.43		733
	2	100	%	1923	—	Hydro	Peaking
	3	100	%	1923	4	Hydro	Peaking
Arkansas Nuclear One	1	100	%	1974	843	Nuclear PWR(b)	Base	15,486,099		16.39		253,836
	2	100	%	1980	995	Nuclear PWR(b)	Base
Total					4,474			23,645,245		19.29		456,211

^(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

^(b) PWR = Pressurized Water Reactor.

38

UTILITY STATISTICAL INFORMATION

ENTERGY GULF STATES LOUISIANA, L.L.C.

	2007	2006		2005		2004	2003
ELECTRIC OPERATING REVENUES ($ thousands)
Louisiana
Residential	497,782	522,227		457,498		412,135	394,512
Commercial	452,930	476,537		406,921		369,044	345,579
Industrial	620,472	686,295		625,709		570,130	510,501
Governmental	21,710	22,520		19,562		17,468	18,253
Total Retail	1,592,894	1,707,579		1,509,690		1,368,777	1,268,845
Texas
Residential	544,254	599,494		502,135		468,704	434,979
Commercial	364,322	406,198		327,287		302,699	268,110
Industrial	414,036	463,640		388,285		405,650	342,693
Governmental	23,583	26,609		21,693		20,535	20,658
Total Retail	1,346,195	1,495,941		1,239,400		1,197,588	1,066,440
FUEL REVENUES (included in above revenues)
Louisiana
Residential	277,105	284,937		266,854		203,436	196,097
Commercial	271,015	280,628		252,200		198,629	186,700
Industrial	476,015	508,048		477,232		401,413	354,504
Governmental	11,120	11,459		10,645		7,903	8,398
Total Retail Fuel Revenues	1,035,255	1,085,072		1,006,931		811,381	745,699
Texas
Residential	281,118	351,457		268,957		240,147	207,358
Commercial	213,574	266,062		199,093		177,984	146,502
Industrial	298,219	350,788		284,032		293,254	236,123
Governmental	12,946	16,802		12,465		11,330	10,612
Total Retail Fuel Revenues	805,857	985,109		764,547		722,715	600,595
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	7,669	7,036		9,320		8,496	9,432
Coal	4,074	4,460		4,077		4,609	3,959
Nuclear	7,188	7,461		7,808		7,413	7,641
Hydro	—	—		—		—	—
Total Net Generation	18,931	18,957		21,205		20,518	21,032
Purchased Power:
Affiliated Companies	5,514	4,664		3,521		5,478	3,989
Non-affiliated Companies	17,658	18,690		17,500		16,072	15,160
Total Purchased Power	23,172	23,354		21,021		21,550	19,149
Total Sources of Energy	42,103	42,311		42,226		42,068	40,181
USES OF ENERGY (GWh)
Electric Energy Sales:
Louisiana
Residential	4,934	4,899		4,817		4,677	4,619
Commercial	4,895	4,836		4,608		4,628	4,471
Industrial	9,101	9,150		9,317		9,757	9,145
Governmental	204	199		197		187	205
Texas
Residential	5,281	5,211		5,207		5,126	5,120
Commercial	4,085	4,002		3,878		3,816	3,703
Industrial	5,911	5,915		5,650		6,839	6,272
Governmental	244	255		244		245	270
Total Retail	34,655	34,467		33,918		35,275	33,805
Sales for Resale	5,388	6,155		6,017		4,700	4,543
Unbilled Energy	125	(148	)	(286	)	420	197
Total Electric Energy Sales	40,168	40,474		39,649		40,395	38,545
Line Losses and Company Usage	1,935	1,837		2,577		1,673	1,636
Total Uses of Energy	42,103	42,311		42,226		42,068	40,181

39

UTILITY STATISTICAL INFORMATION

ENTERGY GULF STATES LOUISIANA, L.L.C. (CONTINUED)

	2007	2006	2005	2004	2003
AVERAGE ELECTRIC REVENUE (cents/KWh)
Louisiana
Residential	10.09	10.66	9.50	8.81	8.54
Commercial	9.25	9.85	8.83	7.97	7.73
Industrial	6.82	7.50	6.72	5.84	5.58
Governmental	10.64	11.34	9.94	9.35	8.93
Texas
Residential	10.31	11.50	9.64	9.14	8.49
Commercial	8.92	10.15	8.44	7.93	7.24
Industrial	7.00	7.84	6.87	5.93	5.46
Governmental	9.63	10.41	8.88	8.37	7.65
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Louisiana
Residential	317,001	311,739	305,714	301,014	295,084
Commercial	47,749	46,351	45,421	45,004	42,490
Industrial	4,320	4,558	4,268	3,957	3,625
Governmental	1,642	1,528	1,457	1,431	1,251
Total Retail Customers	370,712	364,176	356,860	351,406	342,450
Texas
Residential	344,704	336,652	335,089	326,556	321,681
Commercial	41,963	40,806	40,887	39,680	38,445
Industrial	4,934	5,013	4,911	4,732	4,722
Governmental	2,085	2,052	2,017	1,923	2,100
Total Retail Customers	393,686	384,523	382,904	372,891	366,948

Totals may not foot due to rounding.

ENTERGY GULF STATES LOUISIANA, L.L.C.

GENERATION PORTFOLIO

								Total Plant – 2007
Plant	Unit	Ownership		Commercial Operation	Owned & Leased Capability (MW)(a)	Fuel Type	Purpose	Net Generation (MWH)	Expenses per Net MWH	Total Production Expense ($ 000)
LA Station 2(d)	7	100	%	1950	40	Gas/Oil	Reserve	—	—	419
	8	100	%	1950	40	Gas/Oil	Reserve
	9	100	%	1953	58	Gas/Oil	Reserve
Willow Glen(d)	1	100	%	1960	152	Gas/Oil	Peaking	207,084	169.96	35,197
	2	100	%	1964	205	Gas/Oil	Peaking
	3	100	%	1968	450	Gas/Oil	Reserve
	4	100	%	1973	540	Gas/Oil	Peaking
	5	100	%	1976	485	Gas/Oil	Peaking
Roy S. Nelson(d)	3	100	%	1960	153	Gas/Oil	Intermediate	1,077,058	101.16	108,960
	4	100	%	1970	500	Gas/Oil	Intermediate
Roy S. Nelson(e)	6	70	%	1982	384	Coal	Base	2,463,183	29.43	72,491
Big Cajun 2(f)	3	42	%	1983	242	Coal	Base	1,611,303	26.59	42,852
River Bend(d)	1	100	%(c)	1986	970	Nuclear BWR(b)	Base	7,187,622	23.08	165,856
Lewis Creek(g)	1	100	%	1970	229	Gas/Oil	Intermediate	1,884,337	79.62	150,028
	2	100	%	1971	230	Gas/Oil	Intermediate
Sabine(h)	1	100	%	1962	212	Gas/Oil	Intermediate	4,501,097	82.76	372,525
	2	100	%	1962	212	Gas/Oil	Intermediate
	3	100	%	1966	390	Gas/Oil	Intermediate
	4	100	%	1974	530	Gas/Oil	Intermediate
	5	100	%	1979	470	Gas/Oil	Intermediate
Total					6,492			18,931,684	50.09	948,328

^(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

^(b) BWR = Boiling Water Reactor.

^(c) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various municipal authorities.

^(d) On December 31, 2007, Entergy Gulf States, Inc. separated into two vertically integrated utility companies, Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc. As reported above for 2007, these plants were 100% owned by Entergy Gulf States, Inc. In 2008, these plants will be 100% owned by Entergy Gulf States Louisiana, L.L.C.

^(e) On December 31, 2007, Entergy Gulf States, Inc. separated into two vertically integrated utility companies, Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc. As reported above for 2007, Roy S. Nelson Unit 6 was 70% owned by Entergy Gulf States, Inc. Effective December 31, 2007, Roy S. Nelson Unit 6 is 40.25% owned by Entergy Gulf States Louisiana, L.L.C. and 29.75% owned by Entergy Texas, Inc.

^(f) On December 31, 2007, Entergy Gulf States, Inc. separated into two vertically integrated utility companies, Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc. As reported above for 2007, Big Cajun 2 Unit 3 was 42% owned by Entergy Gulf States, Inc. Effective December 31, 2007, Big Cajun 2 Unit 3 is 24.15% owned by Entergy Gulf States Louisiana, L.L.C. and 17.85% owned by Entergy Texas, Inc.

^(g) On December 31, 2007, Entergy Gulf States, Inc. separated into two vertically integrated utility companies, Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc. Lewis Creek is 100% owned by GSG&T, Inc., which was 100% owned by Entergy Gulf States, Inc. in 2007 and effective December 31, 2007 is 100% owned by Entergy Texas, Inc.

^(h) On December 31, 2007, Entergy Gulf States, Inc. separated into two vertically integrated utility companies, Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc. As reported above for 2007, Sabine was 100% owned by Entergy Gulf States, Inc. Effective December 31, 2007, Sabine is 100% owned by Entergy Texas, Inc.

40

UTILITY STATISTICAL INFORMATION

ENTERGY LOUISIANA, LLC

	2007	2006		2005		2004	2003
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	853,780	797,197		827,926		769,770	739,389
Commercial	578,025	532,999		538,683		501,536	473,351
Industrial	871,853	809,237		834,320		779,103	723,102
Governmental	43,550	40,454		40,813		37,894	40,664
Total Retail	2,347,208	2,179,887		2,241,742		2,088,303	1,976,506
Sales for Resale	318,001	227,391		352,544		109,085	114,311
Other	72,343	43,980		55,895		29,598	74,753
Total Electric Operating Revenues	2,737,552	2,451,258		2,650,181		2,226,986	2,165,570
FUEL REVENUES (included in above revenues)
Residential	415,883	374,595		430,830		355,871	327,475
Commercial	280,200	249,803		277,180		230,357	209,032
Industrial	614,448	545,040		588,943		512,924	464,015
Governmental	21,305	19,313		21,022		17,523	18,195
Total Retail Fuel Revenues	1,331,836	1,188,751		1,317,975		1,116,675	1,018,717
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	8,784	7,486		8,968		8,486	7,882
Coal	—	—		—		—	—
Nuclear	9,893	9,270		7,885		9,654	8,485
Hydro	—	—		—		—	—
Total Net Generation	18,677	16,756		16,853		18,140	16,367
Purchased Power:
Affiliated Companies	6,025	6,612		6,027		4,505	4,484
Non-affiliated Companies	7,484	7,945		8,212		8,416	9,718
Total Purchased Power	13,509	14,557		14,239		12,921	14,202
Total Sources of Energy	32,186	31,313		31,092		31,061	30,569
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	8,646	8,513		8,559		8,842	8,795
Commercial	5,848	5,680		5,554		5,762	5,622
Industrial	13,209	12,759		12,348		13,140	12,870
Governmental	446	435		428		439	491
Total Retail	28,149	27,387		26,889		28,183	27,778
Sales for Resale	2,411	2,470		2,560		1,251	1,476
Unbilled Energy	124	(25	)	(379	)	415	42
Total Electric Energy Sales	30,684	29,832		29,070		29,849	29,296
Line Losses and Company Usage	1,502	1,481		2,022		1,212	1,273
Total Uses of Energy	32,186	31,313		31,092		31,061	30,569
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	9.87	9.32		9.67		8.71	8.41
Commercial	9.88	9.33		9.70		8.70	8.42
Industrial	6.60	6.34		6.76		5.93	5.62
Governmental	9.76	9.18		9.53		8.63	8.28
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Residential	568,893	560,462		539,912		575,701	571,767
Commercial	73,012	71,029		66,897		73,622	72,901
Industrial	8,374	8,563		7,005		7,858	7,686
Governmental	5,229	4,858		4,494		5,274	4,859
Total Retail Customers	655,508	644,912		618,308		662,455	657,213

41

UTILITY STATISTICAL INFORMATION

ENTERGY LOUISIANA, LLC

GENERATION PORTFOLIO

							Total Plant – 2007
Plant	Unit	Ownership	Commercial Operation	Owned & Leased Capability (MW)(a)	Fuel Type	Purpose	Net Generation (MWH)	Expenses per Net MWH	Total Production Expense ($ 000)
Buras	8	100%	1971	12	Gas/Oil	Peaking	1,003	653.04	655
Little Gypsy	1	100%	1961	238	Gas/Oil	Intermediate	1,294,874	97.29	125,974
	2	100%	1966	415	Gas/Oil	Intermediate
	3	100%	1969	545	Gas/Oil	Intermediate
Monroe	10	100%	1961	—	Gas/Oil	Reserve	—	—	307
	11	100%	1965	—	Gas/Oil	Reserve
	12	100%	1968	—	Gas/Oil	Reserve
Ninemile Point	1	100%	1951	50	Gas/Oil	Peaking	4,443,032	88.34	392,519
	2	100%	1953	60	Gas/Oil	Peaking
	3	100%	1955	125	Gas/Oil	Intermediate
	4	100%	1971	730	Gas/Oil	Intermediate
	5	100%	1973	740	Gas/Oil	Intermediate
Perryville	1	100%	2002	535	Gas	Intermediate	2,451,654	62.13	152,326
	2	100%	2002	156	Gas	Peaking
Sterlington	6	100%	1958	212	Gas/Oil	Peaking	47,692	208.97	9,966
	7	100%	1974	180	Gas/Oil	Intermediate
Waterford	1	100%	1975	411	Gas/Oil	Intermediate	545,332	153.66	83,795
	2	100%	1975	405	Gas/Oil	Intermediate
Waterford	3	100%	1985	1,158	Nuclear PWR(b)	Base	9,893,003	17.13	169,432
Total				5,971			18,676,590	50.06	934,974

^(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

^(b) PWR = Pressurized Water Reactor.

42

UTILITY STATISTICAL INFORMATION

ENTERGY MISSISSIPPI, INC.

	2007		2006		2005		2004	2003
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	500,097		568,435		503,232		467,459	410,231
Commercial	427,545		484,297		420,507		396,482	341,862
Industrial	185,119		235,281		209,270		203,603	173,736
Governmental	40,417		45,433		40,605		38,258	32,393
Total Retail	1,153,178		1,333,446		1,173,614		1,105,802	958,222
Sales for Resale	171,710		80,445		98,885		68,417	42,143
Other	47,914		36,117		34,041		39,410	34,995
Total Electric Operating Revenues	1,372,802		1,450,008		1,306,540		1,213,629	1,035,360
FUEL REVENUES (included in above revenues)
Residential	215,446		316,861		251,338		229,326	157,624
Commercial	192,289		280,819		220,024		203,634	139,087
Industrial	100,293		157,157		128,483		119,811	88,063
Governmental	16,605		24,908		19,440		17,885	11,885
Total Retail Fuel Revenues	524,633		779,745		619,285		570,656	396,659
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	5,734		4,127		2,834		3,333	2,891
Coal	3,026		2,697		2,526		2,679	2,579
Nuclear	—		—		—		—	—
Hydro	—		—		—		—	—
Total Net Generation	8,760		6,824		5,360		6,012	5,470
Purchased Power:
Affiliated Companies	4,602		5,327		4,924		5,337	5,984
Non-affiliated Companies	2,706		3,232		5,119		3,390	2,868
Total Purchased Power	7,308		8,559		10,043		8,727	8,852
Total Sources of Energy	16,068		15,383		15,403		14,739	14,322
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	5,474		5,387		5,333		5,085	5,092
Commercial	4,872		4,746		4,630		4,518	4,476
Industrial	2,771		2,927		2,967		2,977	2,939
Governmental	421		417		411		398	384
Total Retail	13,538		13,477		13,341		12,978	12,891
Sales for Resale	1,493		900		936		698	443
Unbilled Energy	(22	)	(15	)	(75	)	142	45
Total Electric Energy Sales	15,009		14,362		14,202		13,818	13,379
Line Losses and Company Usage	1,059		1,021		1,201		921	943
Total Uses of Energy	16,068		15,383		15,403		14,739	14,322
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	9.14		10.55		9.44		9.19	8.06
Commercial	8.78		10.21		9.08		8.78	7.64
Industrial	6.68		8.04		7.05		6.84	5.91
Governmental	9.60		10.90		9.88		9.61	8.44
NUMBER OF RETAIL ELECTRIC CUSTOMERS
(as of December 31)
Residential	361,725		357,564		359,538		351,274	348,019
Commercial	63,642		62,594		60,826		60,338	59,347
Industrial	3,109		3,014		2,739		3,915	4,767
Governmental	4,096		4,066		3,856		4,036	3,884
Total Retail Customers	432,572		427,238		426,959		419,563	416,017

43

UTILITY STATISTICAL INFORMATION

ENTERGY MISSISSIPPI, INC.

GENERATION PORTFOLIO

								Total Plant - 2007
Plant	Unit	Ownership		Commercial Operation	Owned & Leased Capability (MW)(a)	Fuel Type	Purpose	Net Generation (MWH)		Expenses per Net MWH		Total Production Expense ($000)
Attala	1	100	%	2001	455	Gas	Intermediate	2,527,549		56.34		142,405
Baxter Wilson	1	100	%	1966	500	Gas/Oil	Peaking	1,699,990		88.25		150,016
	2	100	%	1971	700	Gas/Oil	Peaking
Delta	1	100	%	1953	97	Gas/Oil	Peaking	(2,047	)	(975.09	)	1,996
	2	100	%	1953	95	Gas/Oil	Peaking
Gerald Andrus	1	100	%	1975	741	Gas/Oil	Intermediate	1,349,389		87.26		117,747
Natchez	1	100	%	1951	—	Gas/Oil	Reserve	(7	)	(28,571.43	)	200
Rex Brown	1	100	%	1948	15	Gas	Reserve	158,998		150.17		23,876
	3	100	%	1951	70	Gas/Oil	Peaking
	4	100	%	1959	203	Gas/Oil	Intermediate
	5	100	%	1968	11	Oil	Peaking
Independence	1	25	%	1983	209	Coal	Base	3,025,675		21.73		65,744
Independence	2	25	%	1984	211	Coal	Base
Total					3,307			8,759,547		57.31		501,984

^(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

44

UTILITY STATISTICAL INFORMATION

ENTERGY NEW ORLEANS, INC.

	2007	2006		2005	2004	2003
ELECTRIC OPERATING REVENUES ($ thousands)
Residential	142,497	105,924		150,409	184,155	178,133
Commercial	181,438	165,066		145,321	170,812	161,716
Industrial	46,697	44,582		31,597	34,261	26,416
Governmental	72,467	59,399		59,450	69,680	68,238
Total Retail	443,099	374,971		386,777	458,908	434,503
Sales for Resale	103,843	91,283		138,528	119,407	87,174
Other	10,516	4,812		10,711	10,142	5,983
Total Electric Operating Revenues	557,458	471,066		536,016	588,457	527,660
FUEL REVENUES (included in above revenues)
Residential	71,496	51,865		59,361	67,891	65,057
Commercial	101,932	92,894		64,164	71,413	67,552
Industrial	28,745	28,952		17,044	17,706	12,276
Governmental	42,750	34,839		28,496	30,994	30,534
Total Retail Fuel Revenues	244,923	208,550		169,065	188,004	175,419
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	1,855	773		1,661	2,146	2,099
Coal	—	—		—	—	—
Nuclear	—	—		—	—	—
Hydro	—	—		—	—	—
Total Net Generation	1,855	773		1,661	2,146	2,099
Purchased Power:
Affiliated Companies	3,428	4,445		4,024	3,880	3,742
Non-affiliated Companies	340	41		1,232	1,982	1,621
Total Purchased Power	3,768	4,486		5,256	5,862	5,363
Total Sources of Energy	5,623	5,259		6,917	8,008	7,462
USES OF ENERGY (GWh)
Electric Energy Sales:
Residential	1,221	914		1,616	2,139	2,133
Commercial	1,763	1,666		1,798	2,316	2,262
Industrial	568	547		498	575	413
Governmental	747	632		800	1,025	1,036
Total Retail	4,299	3,759		4,712	6,055	5,844
Sales for Resale	1,010	1,298		2,041	1,539	1,340
Unbilled Energy	15	(1	)	135	41	22
Total Electric Energy Sales	5,324	5,056		6,888	7,635	7,206
Line Losses and Company Usage	299	203		29	373	256
Total Uses of Energy	5,623	5,259		6,917	8,008	7,462
AVERAGE ELECTRIC REVENUE (cents/KWh)
Residential	11.67	11.59		9.31	8.61	8.35
Commercial	10.29	9.91		8.08	7.37	7.15
Industrial	8.22	8.15		6.34	5.96	6.42
Governmental	9.70	9.40		7.43	6.80	6.59
NUMBER OF RETAIL ELECTRIC CUSTOMERS(a)
(as of December 31)
Residential	115,523	83,300		152,429	169,498	169,878
Commercial	12,211	10,000		14,220	16,376	16,336
Industrial	2,765	1,000		1,161	1,309	1,148
Governmental	1,308	700		858	1,798	1,755
Total Retail Customers	131,807	95,000		168,668	188,981	189,117

^(a) Customer count data reflects estimates of customers in the hardest hit areas affected by Hurricane Katrina. Issues associated with temporary housing and resumption of service at permanent dwellings render precise counts difficult at this time.

45

UTILITY STATISTICAL INFORMATION

ENTERGY NEW ORLEANS, INC.

GENERATION PORTFOLIO

								Total Plant - 2007
Plant	Unit	Ownership		Commercial Operation	Owned & Leased Capability (MW)(a)	Fuel Type	Purpose	Net Generation (MWH)	Expenses per Net MWH	Total Production Expense ($000)
A. B. Paterson	3	100	%	1950	—	Gas/Oil	Reserve	—	—	242
	4	100	%	1954	—	Gas/Oil	Reserve
Michoud	1	100	%	1957	—	Gas/Oil	Reserve	1,854,800	91.12	169,010
	2	100	%	1963	230	Gas/Oil	Intermediate
	3	100	%	1967	530	Gas/Oil	Intermediate
A. B. Paterson	5	100	%	1967	—	Oil	Reserve	—	—	113
Total					760			1,854,800	91.12	169,365

^(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

SYSTEM ENERGY RESOURCES, INC.

	2007		2006		2005		2004		2003
ELECTRIC OPERATING REVENUES ($ thousands)	553,193		555,459		533,929		545,381		583,820
SOURCES OF ENERGY (GWh)
Net Generation:
Gas & Oil	—		—		—		—		—
Coal	—		—		—		—		—
Nuclear	8,421		9,723		9,058		9,202		9,812
Hydro	—		—		—		—		—
Total Net Generation	8,421		9,723		9,058		9,202		9,812
Purchased Power	—		—		—		—		—
Total Sources of Energy	8,421		9,723		9,058		9,202		9,812
USES OF ENERGY (GWh)
Electric Energy Sales	8,440		9,727		9,070		9,212		9,812
Unbilled Energy	—		—		—		—		—
Line Losses and Company Usage	(19	)	(4	)	(12	)	(10	)	—
Total Uses of Energy	8,421		9,723		9,058		9,202		9,812

SYSTEM ENERGY RESOURCES, INC.

GENERATION PORTFOLIO

									Total Plant - 2007
Plant	Unit	Ownership		Commercial Operation	Owned & Leased Capability (MW)(a)	Fuel Type		Purpose	Net Generation (MWH)	Expenses per Net MWH	Total Production Expense ($000)
Grand Gulf	1	90	%	1985	1,141	Nuclear BWR	(b)	Base	8,421,024	17.56	147,839
Total					1,141				8,421,024	17.56	147,839

^(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

^(b) BWR = Boiling Water Reactor.

46

UTILITY STATISTICAL INFORMATION

UTILITY NUCLEAR PLANT STATISTICS

The following table shows plant performance for 2003 – 2007 based on 18/24 month operating cycle.

CAPABILITY FACTOR (%)

	2007	2006	2005	2004	2003
ANO	92.8	88.3	88.5	93.3	93.3
Grand Gulf	89.5	91.9	93.3	93.7	94.5
River Bend	88.1	90.9	85.8	90.9	92.4
Waterford 3	91.5	93.5	89.0	93.6	92.8
Entergy Southeast Average	90.9	90.6	89.2	92.9	93.3
Industry Average	91.1	90.5	90.1	89.7	90.0

The following table shows plant performance for 2007 and averages for four three-year periods.

PRODUCTION COST ($/MWh)

	2007	2004– 2006	2003– 2005	2002– 2004	2001- 2003
ANO	16.0	15.5	15.1	14.8	14.8
Grand Gulf	17.2	14.2	13.7	13.6	13.6
River Bend	22.4	18.8	17.9	17.0	16.4
Waterford 3	16.8	15.9	16.0	15.5	15.4
Entergy Southeast Average	17.5	15.9	15.5	15.1	15.0
Industry Average	18.1	16.9	16.5	16.1	16.3

INDIVIDUAL PLANT INFORMATION

	ANO							Waterford 3
	Unit 1			Unit 2	Grand Gulf	River Bend
Owner	Entergy Arkansas			Entergy Arkansas	System Energy-90% South Mississippi Electric Power Association- 10%	Entergy Gulf States Louisiana		Entergy Louisiana
Commercial Operation Date	December 74			March 80	July 85	June 86		September 85
License Expiration Date	5/20/34			7/17/38	11/1/24	8/29/25		12/18/24
Architect/Engineer	Bechtel Power			Bechtel Power	Bechtel Power	Stone & Webster		Ebasco
Reactor Manufacturer	Babcox &			Combustion	General	General		Combustion
	Wilcox			Engineering	Electric	Electric		Engineering
Reactor Type	PWR			PWR	BWR	BWR		PWR
Turbine Generator Manufacturer	Westinghouse			General Electric	Kraftwerk Union	General Electric		Westinghouse
Owned and Leased Capability (MW)(a)	843			995	1,141	970	(c)	1,157
Refueling Data:
Last Date	4/22/07-			9/19/06-	3/18/07-	4/23/06-		11/25/06-
	5/13/07			10/28/06	4/12/07	5/13/06		12/27/06
Number of Days	21			39	24	20		32
Next Scheduled Refueling	Fall 08			Spring 08	Fall 08	Winter 08		Spring 08
2007 Capability Factor (%)	94.7			90.9	89.5	88.1		91.5
($ millions as of December 31, 2007)
Net Book Value		1,104	(b)		1,626	1,421	(c)	1,501
Decommissioning Trust Fund Balance		466	(b)		316	366	(c)	222
Decommissioning Liability		506	(b)		369	208	(c)	257

^(a) Owned and Leased Capability is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.

^(b) ANO Units 1 and 2 are reported together.

^(c) 30% of River Bend is not subject to rate regulation by the Public Utility Commission of Texas, the Louisiana Public Service Commission, nor various municipal authorities, and is included in non-utility property on the balance sheet. The decommissioning trust fund balance and decommissioning liability include amounts for the 30% not subject to rate regulation.

47

UTILITY REGULATORY INFORMATION

STATE REGULATORY COMMISSIONS

	Arkansas	Louisiana	Mississippi	New Orleans	Texas
Commission	Arkansas Public Service Commission	Louisiana Public Service Commission	Mississippi Public Service Commission	New Orleans City Council	Public Utility Commission of Texas
Number of Commissioners	3	5	3	7	3
Method of Selection	Appointed by Governor	Elected	Elected	Elected	Appointed by Governor
Term of Office	6 years – staggered	6 years – staggered	4 years – concurrent	4 years – concurrent (2 term limit)	6 years – staggered
Chair/President	Appointed by Governor	Selected by peers – 1 year term	Rotates every 2 years	Selected by peers from two at-large seats	Appointed by Governor

COMMISSION/COUNCIL MEMBERS

	Party	Service Began	Current Term Ends
ARKANSAS
David Newbern (interim replacement for Suskie)	Democrat	1/08	(when Suskie returns)
Paul Suskie – (on military leave)	Democrat	1/07	1/13
Colette Honorable – Chair	Democrat	10/07	1/11
Daryl Bassett	Republican	9/02	1/09
LOUISIANA
Jack A. “Jay” Blossman, Jr. – Chair	Republican	1/97	12/08
Lambert Boissiere III	Democrat	1/05	12/10
C. Dale Sittig	Democrat	11/95	12/10
James M. Field	Republican	12/96	12/12
Foster L. Campbell, Jr.	Democrat	1/03	12/08
MISSISSIPPI
Leonard Bentz	Republican	4/06	12/11
Lynn Posey	Democrat	1/08	12/11
Brandon Presley	Democrat	1/08	12/11
NEW ORLEANS
Arnie Fielkow – President	Democrat	5/06	5/10
Jacquelyn Brechtel Clarkson	Democrat	11/07	5/10
Shelley Midura	Democrat	5/06	5/10
Stacy S. Head	Democrat	5/06	5/10
James Carter	Democrat	5/06	5/10
Cynthia Hedge-Morrell	Democrat	4/05	5/10
Cynthia Willard-Lewis	Democrat	5/02	5/10
TEXAS
Barry Smitherman – Chair	Republican	4/04	8/13
Paul Hudson	Republican	8/03	8/09
Julie Caruthers Parsley	Republican	11/02	8/11

48

UTILITY REGULATORY INFORMATION

SELECT UTILITY REGULATORY MECHANISMS

Company	Last Filed Rate Base ($ billions)	Allowed ROE (%)	Jurisdictional Regulatory Mechanisms
EAI	3.6 6/30/06	9.9	Rate Case	•      No fixed schedule for rate filings. EAI filed a rate case on August 15, 2006. •      EAI is appealing rate case outcome.
EGSL(a)	1.6 12/31/06	9.9 – 11.4 10.65 midpoint 60/40 customer/ company sharing	FRP	•      Annual filing in May; any change in rates typically effective in September.
ETI	1.7 3/31/07	10.95	Riders	•      2005 legislation authorized two riders – incremental purchased power capacity costs up to five percent of annual base rate revenues and transition to competition costs.
				•      $18M annual purchased power rider implemented December 2005 with first reconciliation filing in May 2006 reconciling capacity from previous September forward. In January 2008, an agreement was filed to increase purchased power rider to $21M and add a surcharge for $10.3M of under-recovered costs.
				•      $14.5M annual TTC rider implemented March 2006. Black box settlement designed to provide a fair return and recovery of costs on the balance sheet.
			Rate Case	•      Base rates are currently set at rates approved by the PUCT in June 1999. ETI filed a rate case in September 2007. •      Settlement proceedings are in progress.
ELL	2.9 12/31/07	9.45 – 11.05 10.25 midpoint 60/40 customer/ company sharing	FRP	•      Annual filing in May; any change in rates typically effective in September.
EMI	1.4(b) 12/31/07	11.08 – 13.6(b) 12.34 midpoint	FRP	•      Annual filing in March; any change in rates typically effective in first billing cycle of May.
				•      Any disputed changes in rates typically effective in first billing cycle of July.
		50/50 customer/ company sharing
		100bps for price, reliability, satisfaction
ENOI	0.4 12/31/05	10.75(c)	FRP	•      In October 2006, the City Council of New Orleans unanimously approved a settlement agreement with ENOI that calls for a phased-in rate increase to ensure the company’s ability to focus on restoration of the gas and electric systems. Rate settlement in place until next base rate case to be filed by July 31, 2008. The agreement discontinued FRP, but allows ENOI to seek reinstatement of an appropriate FRP following resetting of rates in 2009.
				•      With New Orleans’ recovery taking place faster than expected, in December 2007, ENOI announced a voluntary 6.15% base rate credit on electric bills.
SERI	1.4 12/31/07 monthly filing	10.94		•      Real-time recovery mechanism.
Total	13.0

^(a) Excludes the operations of Entergy Texas, Inc.

^(b) Rate base and allowed ROE reflects the 2007 FRP evaluation report. EMI’s 2007 FRP Evaluation Report is pending approval from the MPSC. Allowed ROE range for the 2006 test year was 9.46% – 12.24%.

^(c) Last approved ROE, not specified in rate settlement.

49

UTILITY REGULATORY INFORMATION

UTILITY ELECTRIC AND GAS FUEL RECOVERY MECHANISMS

	Deferred Fuel Balance as of December 31,
Company	2007	2006	2005	2004	2003	Fuel Recovery Mechanism
	($ millions)
EAI	114.8	2.2	204.2	7.4	10.6	Annual reset in April based on prior calendar year fuel and purchased power costs adjusted for nuclear refueling outages and projected sales plus any under- or over-recovered fuel balance for the prior calendar year.
ETI	(67.3)	(45.6)	203.2	78.5	116.6	Semi-annual reset of fuel factor in March and September based on the market price of natural gas plus surcharge or refund for material under- or over-recoveries based on actual costs.
EGSL(a)	105.8	119.5	121.2	11.6	1.9	Electric: Monthly reset based on fuel and purchased power costs from two months prior plus surcharge or credit for 1/12 of under- or over-recovered fuel balance.
						Gas: Monthly reset based on estimated gas costs plus surcharge or credit for 1/12 of under- or over-recovered fuel balance.
ELL	19.2	114.3	21.9	8.7	30.6	Monthly reset based on fuel and purchased power costs from two months prior plus surcharge or credit for 1/12 of under- or over-recovered fuel balance.
EMI	(76.6)	(95.2)	114.0	(22.8)	89.1	Quarterly reset based on projected fuel and purchased power costs and projected sales plus any under- or over-recovered fuel balance from the second prior quarter.
Total excluding ENOI	95.9	95.2	664.4	83.4	248.7
ENOI	17.3	19.0	30.6	2.6	(2.7)	Electric: Monthly reset based on no more than targeted fuel and purchased power costs and any difference between actual and base rate non-fuel items including Grand Gulf non-fuel costs and Resource Plan non-fuel costs paid by ENOI. A surcharge or credit is calculated on the under- or over-recovered fuel balance based on the most recent 12 months actual kWh sales.
						Gas: Monthly reset based on estimated gas costs plus a surcharge or credit for the under- or over-recovered fuel balance based on the most recent 12 months Mcf sales.
Total including ENOI	113.2	114.2	695.1	85.9	246

^(a) Excludes the operations of Entergy Texas, Inc.

Totals may not foot due to rounding.

50

COMPETITIVE BUSINESSES

TOTAL CAPACITY

	Operated				Owned Capacity(c)
As of December 31, 2007.	Plants	Units	MW		MW	%
Gas/Oil	1	1	550	(b)	1,317	20
Coal	—	—	–	(b)	181	3
Total Fossil	1	1	550		1,498	23
Wind	—	—	—		80	1
Nuclear	6	7	5,798	(a)	4,998	76
Total Capacity	7	8	6,348		6,576	100

^(a) Operated capacity includes management services contracts.

^(b) Excludes units operated by Entergy’s utility companies.

^(c) Includes capacity under power purchase agreements.

ENTERGY NUCLEAR (NON-UTILITY)

ENTERGY NUCLEAR QUARTERLY FINANCIAL METRICS

	2007									2006					YTD
	1Q		2Q	3Q		4Q		YTD		1Q	2Q	3Q	4Q	YTD	% change
GAAP MEASURES
As-Reported Earnings ($ millions)	128.2		108.7	160.9		141.4		539.2		81.5	63.4	106.9	57.7	309.5	74
Return on Average Invested Capital – As-Reported (%)*	12.4		12.5	13.5		16.0		16.0		10.8	10.7	12.1	11.7	11.7	37
Return on Average Common Equity – As-Reported (%)*	13.6		14.0	14.9		17.4		17.4		14.0	13.9	15.2	14.0	14.0	24
Debt to Capital Ratio (%)	11.3		12.2	10.7		9.7		9.7		19.3	19.1	16.7	14.2	14.2	(32	)
NON-GAAP MEASURES
Operational Earnings ($ millions)	128.2		108.7	160.9		159.8		557.6		81.5	63.4	106.9	57.7	309.5	80
Return on Average Invested Capital – Operational (%)*	12.4		12.5	13.5		16.6		16.6		10.8	10.7	12.1	11.7	11.7	42
Return on Average Common Equity – Operational (%)*	13.6		14.0	14.9		18.0		18.0		14.0	13.9	15.2	14.0	14.0	29
Net Debt to Net Capital Ratio (%)	(2.5	)	3.3	(2.2	)	(1.9	)	(1.9	)	9.9	7.5	3.9	2.3	2.3	N/A

* Trailing twelve months.

Totals may not foot due to rounding.

ENTERGY NUCLEAR ANNUAL FINANCIAL METRICS

	2007		2006	2005	2004	2003
GAAP MEASURES
As-Reported Earnings ($ millions)	539.2		309.5	282.6	245.0	300.8
Return on Average Invested Capital – As-Reported (%)	16.0		11.7	11.6	10.1	12.8
Return on Average Common Equity – As-Reported (%)	17.4		14.0	13.6	12.3	18.2
Debt to Capital Ratio (%)	9.7		14.2	19.5	27.0	27.7
NON-GAAP MEASURES
Operational Earnings ($ millions)	557.6		309.5	282.6	245.0	198.2
Return on Average Invested Capital – Operational (%)	16.6		11.7	11.6	10.1	8.6
Return on Average Common Equity – Operational (%)	18.0		14.0	13.6	12.3	11.9
Net Debt to Net Capital Ratio (%)	(1.9	)	2.3	12.4	23.1	23.5

ENTERGY NUCLEAR QUARTERLY OPERATIONAL METRICS

	2007										2006															YTD
	1Q		2Q		3Q		4Q		YTD		1Q			2Q			3Q			4Q			YTD			% CHANGE
Net MW in Operation	4,200		4,998		4,998		4,998		4,998			4,135			4,200			4,200			4,200			4,200		19
Average Realized Price/MWh(a)	55.11		51.28		53.11		51.52		52.69		$	44.28		$	43.76		$	44.90		$	44.34		$	44.33		19
Production Cost/MWh(a)	19.66		21.27		20.90		22.64		21.19		$	18.68		$	19.61		$	18.75		$	21.00		$	19.50		9
Billed GWh	8,315		8,896		10,105		10,254		37,570			8,763			8,281			9,119			8,684			34,847		8
Capacity Factor	91	%	82	%	93	%	92	%	89	%		97	%		90	%		99	%		93	%		95	%	(6	)

ENTERGY NUCLEAR ANNUAL OPERATIONAL METRICS

	2007			2006			2005			2004			2003
Net MW in Operation		4,998			4,200			4,105			4,058			4,001
Average Realized Price/MWh(a)	$	52.69		$	44.33		$	42.26		$	41.16		$	39.40
Production Cost/MWh(a)	$	21.19		$	19.50		$	18.93		$	19.99		$	20.29
Billed GWh		37,570			34,847			33,539			32,524			32,379
Capacity Factor		89	%		95	%		93	%		92	%		92	%

Totals may not foot due to rounding.

^(a) Average Realized Price/MWh has been restated to reflect MWh billed and excludes revenue associated with amortization of below-market PPA for Palisades. Production Cost/MWh has been restated to exclude purchased power cost.

51

ENTERGY NUCLEAR (NON-UTILITY)

ENTERGY NUCLEAR PLANT STATISTICS

James A.

Indian Point

Palisades

Pilgrim

Vermont

Fitzpatrick

Unit 2

Unit 3

Nuclear Plant

Nuclear Station

Yankee

Entergy Purchase Date

11/21/00

9/6/01

11/21/00

4/11/07

7/13/99

7/31/02

Commercial Operation Date

July 75

August 74

August 76

December 72

December 72

November 72

License Expiration Date

10/17/14

9/28/13

12/15/15

3/24/31

6/8/12

3/21/12

Architect/Engineer

Stone & Webster

United Engineers & Constructors

United Engineers & Constructors

Combustion Engineering

Bechtel Power

Ebasco

Reactor Manufacturer

General Electric

Westinghouse

Westinghouse

Combustion Engineering

General Electric

General Electric

Reactor Type

BWR

PWR

PWR

PWR

BWR

BWR

Turbine Generator Manufacturer

General Electric

Westinghouse

Westinghouse

Westinghouse

General Electric

General Electric

Maximum Dependable Capacity (MW)

838

1,028

1,041

798

688

605

(as of December 31, 2007)

Refueling Data:

Last Date

10/9/06 – 11/4/06

4/18/06 – 5/19/06

3/6/07 – 3/31/07

9/9/07 – 10/21/07

4/6/07 – 5/9/07

5/13/07 – 6/6/07

Number of Days

27

31

24

42

33

25

Next Scheduled Refueling

Fall 08

Spring 08

Spring 09

Spring 09

Spring 09

Fall 08

2007 Capacity Factor

93

%

99

%

86

%

80

%

86

%

88

%

($ millions as of December 31, 2007)

Net Book Value

312

928

450

682

178

299

Decommissioning Trust Fund Balance

(a)

618

(b)

(a)

258

622

440

Decommissioning Liability

(a)

386

(b)

(a)

231

255

270

Nearest Market Hub

NYISO

NYISO

NYISO

MISO

NEPOOL

NEPOOL

Zone A

(c)

Zone G

(d)

Zone G

(d)

Cinergy

Mass Hub

Mass Hub

Capacity Zone (ICAP/UCAP)

NYISO

NYISO

NYISO

n/a

NEPOOL

NEPOOL

Rest of State

Rest of State

Rest of State

^(a) NYPA retained the decommissioning trusts and decommissioning liability. NYPA and Entergy executed decommissioning agreements, specifying their decommissioning obligations. NYPA has the right to require Entergy to assume the decommissioning liability provided that it assigns the corresponding decommissioning trust, up to a specified level, to Entergy. If the decommissioning liability is retained by NYPA, Entergy will perform the decommissioning of the plants at a price equal to the lesser of a pre-specified level or the amount in the decommissioning trusts. Entergy believes that the amounts available to it under either scenario are sufficient to cover the future decommissioning costs without any additional contributions to the trusts.

^(b) Includes amount for Indian Point 1. Indian Point 1 has been shut down and in safe storage since the 1970s.

^(c) James A. FitzPatrick physically located in NYISO Zone C.

^(d) Indian Point physically located in NYISO Zone H.

ENTERGY NUCLEAR PLANT UPRATES

(MW)	Capacity 12/31/02	2003	2004	2005	2006	2007	Capacity 12/31/07
FitzPatrick	825	—	13	—	—	—	838
Indian Point 2	970	14	44	—	—	—	1,028
Indian Point 3	980	14	—	47	—	—	1,041
Palisades(a)	798	—	—	—	—	—	798
Pilgrim	670	18	—	—	—	—	688
Vermont Yankee	510	—	—	—	95	—	605
Total	3,955	46	57	47	95	—	4,998

^(a) Acquired April 2007.

52

ENTERGY NUCLEAR (NON-UTILITY)

ENTERGY NUCLEAR SECURITIES DETAIL

LONG-TERM DEBT:

Note To New York Power Authority (NYPA) relating to the purchase of Fitzpatrick and Indian Point 3

($ thousands)	Long-term debt (a)	Interest expense	Additional LTD related to purchase of IP2	Interest expense	Total ending long-term debt	Total interest expense
2000	744,405	3,869	—	—	744,405	3,869
2001	682,512	35,392	74,402	1,190	756,914	36,582
2002	604,420	32,540	79,220	3,628	683,640	36,168
2003	441,845	27,387	72,863	3,643	514,708	31,030
2004	379,405	21,275	66,200	3,337	445,605	24,612
2005	313,968	18,277	59,218	3,018	373,186	21,295
2006	245,390	15,137	51,900	2,682	297,289	17,819
2007	173,445	11,845	44,231	2,331	217,676	14,176
2008	161,932	8,412	36,194	1,963	198,126	10,375
2009	149,771	7,839	27,772	1,577	177,543	9,416
2010	137,026	7,255	18,945	1,173	155,971	8,428
2011	123,669	6,643	9,694	750	133,363	7,393
2012	109,681	6,012	—	305	109,681	6,317
2013	95,011	5,331	—	—	95,011	5,331
2014	79,638	4,627	—	—	79,638	4,627
2015	61,027	3,889	—	—	61,027	3,889
2016 – 2035 Average	—	1,755	—	—	—	1,755

^(a) Includes plant, fuel, and license extension payments. Payments for plant and fuel are made annually on 11/21 (anniversary of close). As of 9/30/03, the entire fuel note has been paid off. Life extension payments made on anniversary of license expiration.

Totals may not foot due to rounding.

NON-NUCLEAR WHOLESALE ASSETS

NON-NUCLEAR WHOLESALE ASSETS PLANT STATISTICS

Plant	Location	NERC Region	Commercial Operation	Ownership Interest		Net MW	Total MW	Fuel Type/ Technology	Purpose
Independence – Unit 2	Newark, AR	SERC	1983	14	%	121	842	Coal	Base
Nelson 6 (PPA)	Westlake, LA	SERC	1982	11	%	60	550	Coal	Base
Harrison County	Marshall, TX	SPP	2003	61	%	335	550	Combined Cycle	Intermediate
RS Cogen	Lake Charles, LA	SERC	2002	50	%	213	425	CCGT Cogen	Base QF
Ritchie – Unit 2	Helena, AR	SERC	1968	100	%	544	544	Gas/Oil	Peaking
Warren Power	Vicksburg, MS	SERC	2001	75	%	225	300	Gas Turbine	Peaking
Top of Iowa	Worth County, IA	MAPP	2001	50	%	40	80	Wind	Renewable
White Deer	Amarillo, TX	SPP	2001	50	%	40	80	Wind	Renewable
Total						1,578	3,371

NON-NUCLEAR WHOLESALE ASSETS SECURITIES DETAIL

DEBT:

Outstanding as of December 31,

(Entergy’s share)	2007		2006		2005		Maturity	Rate
			(in millions)
RS Cogen Senior Project Debt
Bank Portion(a)	$	60	$	65	$	72	10/17/18	LIBOR + 1.375	%
Institutional Portion	$	38	$	38	$	38	10/15/22	Fixed 8.73	%
Working Capital	$	—	$	1	$	—	Demand	LIBOR + 1.625	%
RS Cogen Subordinated Debt	$	14	$	15	$	16	10/17/17	LIBOR + 4.50	%
Top Deer Senior Project Debt	$	24	$	28	$	34	06/30/13	Fixed 5.43	%

^(a) RS Cogen spread on bank portion increases over time to 2.375%.

PREFERRED STOCK:

			Shares Outstanding As of December 31,			As of December 31,
	Rate (a)		2007	2006	2005	2007		2006		2005
								(in millions)
Authorized 1,000,000 shares, $1 par value, cumulative
Without Sinking Fund:
Entergy Asset Management, 11.50% rate	11.5	%	297,376	297,376	297,376	$	29.7	$	29.7	$	29.7
Other	—		—	—	—		1.0		1.1		1.7
Total without sinking fund			297,376	297,376	297,376	$	30.7	$	30.8	$	31.4

^(a) Entergy Asset Management’s stockholders’ agreement provides that at any time during the 180-day period prior to December 31, 2007 or each subsequent December 31 thereafter, either Entergy Asset Management or the preferred shareholders may request that the preferred dividend rate be reset.

53

DEFINITIONS OF OPERATIONAL MEASURES AND GAAP AND NON-GAAP FINANCIAL MEASURES

NUCLEAR OPERATIONAL MEASURES

Net MW in operation	Installed capacity owned or operated by Entergy Nuclear
Average realized price per MWh	As-reported revenue per MWh billed for all non-utility nuclear operations
Production cost per MWh	Fuel and non-fuel operation and maintenance expenses according to accounting standards that directly relate to the production of electricity per MWh
GWh billed	Total number of GWh billed to all customers
Capability factor	The percentage of the maximum energy generation a plant is capable of supplying to the grid, limited only by factors within control of plant management. A high capability factor indicates effective plant programs and practices to minimize unplanned energy losses and to optimize planned outages
Capacity factor	Normalized percentage of the period that the plant generates power
Refueling outage duration	Number of days lost for scheduled refueling outage during the period

Financial measures defined in the below table include measures prepared in accordance with generally accepted accounting principles (GAAP), as well as non-GAAP measures. Non-GAAP measures are included in this report in order to provide metrics that remove the effect of less routine financial impacts from commonly used financial metrics.

FINANCIAL MEASURES – GAAP

Return on average invested capital – As-reported	12-months rolling earnings adjusted to include preferred dividends and tax-effected interest expense divided by average invested capital
Return on average common equity – As-reported	12-months rolling earnings divided by average common equity
Net margin – As-reported	12-months rolling earnings divided by 12-months rolling revenue
Cash flow interest coverage	12-months cash flow from operating activities plus 12-months rolling interest paid, divided by interest expense
Book value per share	Common equity divided by end of period shares outstanding
Revolver capacity	Amount of undrawn capacity remaining on corporate and subsidiary revolvers
Total debt	Sum of short-term and long-term debt, notes payable, capital leases, and preferred stock with sinking fund (beginning in 2003) on the balance sheet, less non-recourse debt, if any
Project debt	Financing at subsidiaries to support specific projects
Debt of joint ventures (Entergy’s share)	Debt issued by Non-Nuclear Wholesale Assets business joint ventures and, for periods through third quarter 2004, debt issued for Entergy-Koch, LP
Leases (Entergy’s share)	Operating leases held by subsidiaries capitalized at implicit interest rate
Debt to capital	Gross debt divided by total capitalization
FINANCIAL MEASURES – NON-GAAP
Operational earnings	As-reported earnings applicable to common stock adjusted to exclude the impact of special items
Return on average invested capital – operational	12-months rolling operational earnings adjusted to include preferred dividends and tax-effected interest expense divided by average invested capital
Return on average common equity – operational	12-months rolling operational earnings divided by average common equity
Net margin – operational	12-months rolling operational earnings divided by 12-months rolling revenue
Total gross liquidity	Sum of cash and revolver capacity
Net debt to net capital	Gross debt less cash and cash equivalents divided by total capitalization less cash and cash equivalents
Net debt including off-balance sheet liabilities	Sum of gross debt and off-balance sheet debt less cash and cash equivalents divided by sum of total capitalization and off-balance sheet liabilities less cash and cash equivalents

54

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2005 PRO FORMA INCOME STATEMENT	UTILITY/PARENT/OTHER									CONSOLIDATED
	ENOI									ENOI
In thousands, for the year ended December 31, 2005.	GAAP			Adjustment*			Pro Forma			GAAP			Adjustment*			Pro Forma
OPERATING REVENUES:
Electric	$	8,449,281		$	211,307		$	8,660,588		$	8,446,830		$	211,307		$	8,658,136
Natural gas		77,660			137,310			214,970			77,660			137,310			214,970
Competitive businesses		46,003			—			46,003			1,581,757			—			1,581,757
Total		8,572,944			348,617			8,921,561			10,106,247			348,617			10,454,863
OPERATING EXPENSES:
Operating and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale		1,941,887			217,365			2,159,252			2,176,015			217,365			2,393,380
Purchased power		2,559,536			(46,740	)		2,512,796			2,521,247			(46,740	)		2,474,506
Nuclear refueling outage expenses		73,966			—			73,966			162,653			—			162,653
Other operation and maintenance		1,458,596			86,227			1,544,823			2,122,206			86,227			2,208,432
Decommissioning		83,910			—			83,910			143,121			—			143,121
Taxes other than income taxes		325,766			41,538			367,304			382,521			41,538			424,059
Depreciation and amortization		789,654			33,975			823,629			856,377			33,975			890,352
Other regulatory charges (credits) – net		(49,882	)		3,181			(46,701	)		(49,882	)		3,181			(46,701	)
Total		7,183,433			335,545			7,518,978			8,314,258			335,545			8,649,802
OPERATING INCOME		1,389,511			13,072			1,402,583			1,791,989			13,072			1,805,061
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction		45,736			3,229			48,965			45,736			3,229			48,965
Interest and dividend income		125,237			89			125,326			150,479			89			150,568
Equity in earnings (loss) of unconsolidated equity affiliates		10,462			(768	)		9,694			985			(768	)		217
Miscellaneous – net		(19,030	)		(4,110	)		(23,140	)		14,251			(4,110	)		10,141
Total		162,405			(1,560	)		160,845			211,451			(1,560	)		209,891
INTEREST AND OTHER CHARGES:
Interest on long-term debt		427,055			10,153			437,208			440,334			10,153			450,487
Other interest – net		79,612			1,696			81,308			64,646			1,696			66,342
Allowance for borrowed funds used during construction		(29,376	)		(2,609	)		(31,985	)		(29,376	)		(2,609	)		(31,985	)
Preferred dividend requirements and other		22,007			482			22,489			25,427			482			25,909
Total		499,298			9,722			509,020			501,031			9,722			510,753
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		1,052,618			1,790			1,054,408			1,502,409			1,790			1,504,199
Income taxes		403,671			1,790			405,461			559,284			1,790			561,074
INCOME FROM CONTINUING OPERATIONS		648,947			—			648,947			943,125			—			943,125
LOSS FROM DISCONTINUED OPERATIONS (net of income tax expense of $(24,051))		(44,794	)		—			(44,794	)		(44,794	)		—			(44,794	)
CONSOLIDATED NET INCOME	$	604,153		$	—		$	604,153		$	898,331		$	—		$	898,331

*Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

55

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2005 PRO FORMA BALANCE SHEET

	UTILITY/PARENT/OTHER									CONSOLIDATED
In thousands, as of December 31, 2005.	GAAP			ENOI Adjustment*			Pro Forma			GAAP			ENOI Adjustment*			Pro Forma
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$	207,135		$	48,056		$	255,191		$	221,773		$	48,056		$	269,829
Temporary cash investments – at cost, which approximates market		127,786			—			127,786			361,047			—			361,047
Total cash and cash equivalents		334,921			48,056			382,977			582,820			48,056			630,876
Notes receivable – Entergy New Orleans DIP loan		90,000			(90,000	)		—			90,000			(90,000	)		—
Notes receivable		575,873			—			575,873			3,227			—			3,227
Accounts receivable:
Customer		629,717			82,052			711,769			763,993			82,052			846,045
Allowance for doubtful accounts		(28,635	)		(25,422	)		(54,057	)		(30,805	)		(25,422	)		(56,227	)
Associated companies		33,851			—			33,851			—			—			—
Other		296,286			(96,208	)		200,078			324,876			(96,208	)		228,668
Accrued unbilled revenues		477,570			23,698			501,268			477,570			23,698			501,268
Total accounts receivable		1,408,789			(15,880	)		1,392,909			1,535,634			(15,880	)		1,519,754
Deferred fuel costs		543,927			30,593			574,520			543,927			30,593			574,520
Fuel inventory – at average cost		204,382			8,048			212,430			206,195			8,048			214,243
Materials and supplies – at average cost		369,397			8,961			378,358			610,932			8,961			619,893
Deferred nuclear refueling outage costs		70,545			—			70,545			164,152			—			164,152
Prepayments and other		301,387			2,140			303,527			325,795			2,140			327,935
Total		3,899,221			(8,082	)		3,891,139			4,062,682			(8,082	)		4,054,600
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates – at equity		8,198,240			(149,929	)		8,048,311			296,784			(149,929	)		146,855
Decommissioning trust funds		1,136,006			—			1,136,006			2,606,765			—			2,606,765
Non-utility property – at cost (less accumulated depreciation)		226,264			1,107			227,371			228,833			1,107			229,940
Other		35,594			—			35,594			81,535			—			81,535
Total		9,596,104			(148,822	)		9,447,282			3,213,917			(148,822	)		3,065,095
PROPERTY, PLANT AND EQUIPMENT:
Electric		27,176,956			691,045			27,868,001			29,161,027			691,045			29,852,072
Property under capital lease		727,565			—			727,565			727,565			—			727,565
Natural gas		86,794			189,207			276,001			86,794			189,207			276,001
Construction work in progress		1,291,374			202,353			1,493,727			1,524,085			202,353			1,726,438
Nuclear fuel under capital lease		271,615			—			271,615			271,615			—			271,615
Nuclear fuel		101,403			—			101,403			436,646			—			436,646
Total property, plant and equipment		29,655,707			1,082,605			30,738,312			32,207,732			1,082,605			33,290,337
Less – accumulated depreciation and amortization		12,730,545			428,053			13,158,598			13,010,687			428,053			13,438,740
Property, plant and equipment – net		16,925,162			654,552			17,579,714			19,197,045			654,552			19,851,597
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset – net		735,221			(52,229	)		682,992			735,221			(52,229	)		682,992
Other regulatory assets		2,133,724			171,133			2,304,857			2,133,724			171,133			2,304,857
Deferred fuel costs		120,489			—			120,489			120,489			—			120,489
Long-term receivables		25,572			1,812			27,384			25,572			1,812			27,384
Goodwill		374,099			—			374,099			377,172			—			377,172
Other		841,068			17,322			858,390			991,835			17,322			1,009,157
Total		4,230,173			138,038			4,368,211			4,384,013			138,038			4,522,051
TOTAL ASSETS	$	34,650,660		$	635,686		$	35,286,346		$	30,857,657		$	635,686		$	31,493,343

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

56

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2005 PRO FORMA BALANCE SHEET

	UTILITY/PARENT/OTHER									CONSOLIDATED
In thousands, as of December 31, 2005.	GAAP			ENOI Adjustment*			Pro Forma			GAAP			ENOI Adjustment*			Pro Forma
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$	22,989		$	—		$	22,989		$	103,517		$	—		$	103,517
Notes payable:
Associated companies		926,271			—			926,271			—			—			—
Other		40,041			15,000			55,041			40,041			15,000			55,041
Accounts payable:
Associated companies		77,793			—			77,793			—			—			—
Other		1,494,385			240,601			1,734,986			1,655,787			240,601			1,896,388
Customer deposits		222,044			16,930			238,974			222,206			16,930			239,136
Taxes accrued		316,659			(378	)		316,281			188,159			(378	)		187,781
Accumulated deferred income taxes		143,409			1,898			145,307			143,409			1,898			145,307
Interest accrued		153,269			2,668			155,937			154,855			2,668			157,523
Obligations under capital leases		130,882			—			130,882			130,882			—			130,882
Other		66,367			2,018			68,385			473,510			2,018			475,528
Total		3,594,109			278,737			3,872,846			3,112,366			278,737			3,391,103
NON–CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued		5,248,739			68,617			5,317,356			5,282,759			68,617			5,351,376
Accumulated deferred investment tax credits		376,550			3,570			380,120			376,550			3,570			380,120
Obligations under capital leases		175,005			—			175,005			175,005			—			175,005
Other regulatory liabilities		408,667			591			409,258			408,667			591			409,258
Decommissioning and asset retirement cost liabilities		1,161,830			2,421			1,164,251			1,923,971			2,421			1,926,392
Transition to competition		79,101			—			79,101			79,101			—			79,101
Accumulated provisions		74,234			7,889			82,123			144,880			7,889			152,769
Pension and other postretirement liabilities		874,793			26,049			900,842			1,118,964			26,049			1,145,013
Long-term debt		8,791,811			226,603			9,018,414			8,824,493			226,603			9,051,096
Preferred stock with sinking fund		13,950			—			13,950			13,950			—			13,950
Other		1,161,820			1,429			1,163,249			1,202,706			1,429			1,204,135
Total		18,366,500			337,169			18,703,669			19,551,046			337,169			19,888,215
Commitments and Contingencies
Preferred stock without sinking fund		411,321			19,780			431,101			445,974			19,780			465,754
SHAREHOLDERS’ EQUITY:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2005		2,205,191			—			2,205,192			2,482			—			2,482
Paid–in capital		6,653,879			—			6,653,879			4,817,637			—			4,817,637
Retained earnings		5,717,919			—			5,717,919			5,433,931			—			5,433,931
Accumulated other comprehensive loss		(16,300	)		—			(16,300	)		(343,819	)		—			(343,819	)
Less – treasury stock, at cost (40,644,602 shares in 2005)		2,281,960			—			2,281,960			2,161,960			—			2,161,960
Total		12,278,730			—			12,278,730			7,748,271			—			7,748,271
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	34,650,660		$	635,686		$	35,286,346		$	30,857,657		$	635,686		$	31,493,343

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

57

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2005 PRO FORMA STATEMENT OF CASH FLOW

	CONSOLIDATED
In thousands, for the year ended December 31, 2005.	GAAP			ENOI Adjustment*			Pro Forma
OPERATING ACTIVITIES:
Consolidated net income	$	898,331		$	700		$	899,031
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Reserve for regulatory adjustments		(82,033	)		(142	)		(82,175	)
Other regulatory charges (credits) – net		(49,882	)		3,181			(46,701	)
Depreciation, amortization, and decommissioning		1,001,852			33,975			1,035,827
Deferred income taxes and investment tax credits		487,804			236,100			723,904
Equity in earnings (loss) of unconsolidated equity affiliates – net of dividends		4,315			(4,532	)		(217	)
Provisions for asset impairments and restructuring charges		39,767			—			39,767
Changes in working capital:
Receivables		(367,351	)		61,359			(305,992	)
Fuel inventory		(83,125	)		(3,867	)		(86,992	)
Accounts payable		303,194			(5,392	)		297,802
Taxes accrued		(33,306	)		(211,082	)		(244,388	)
Interest accrued		15,133			(2,089	)		13,044
Deferred fuel		(236,801	)		(28,034	)		(264,835	)
Other working capital accounts		(45,653	)		(6,568	)		(52,221	)
Provision for estimated losses and reserves		(3,704	)		(1,632	)		(5,336	)
Changes in other regulatory assets		(311,934	)		(59,707	)		(371,641	)
Other		(68,799	)		(21,751	)		(90,550	)
Net cash flow provided by (used in) operating activities		1,467,808			(9,481	)		1,458,327
INVESTING ACTIVITIES:
Construction/capital expenditures		(1,458,086	)		(57,640	)		(1,515,726	)
Allowance for equity funds used during construction		45,736			3,229			48,965
Nuclear fuel purchases		(314,414	)		—			(314,414	)
Proceeds from sale/leaseback of nuclear fuel		184,403			—			184,403
Payment for purchase of plant		(162,075	)		—			(162,075	)
Decrease (increase) in other investments		9,905			90,000			99,905
Purchases of other temporary investments		(1,591,025	)		—			(1,591,025	)
Liquidation of other temporary investments		1,778,975			—			1,778,975
Proceeds from nuclear decommissioning trust fund sales		944,253			—			944,253
Investment in nuclear decommissioning trust funds		(1,039,824	)		—			(1,039,824	)
Other regulatory investments		(390,456	)		—			(390,456	)
Net cash flow provided by (used in) investing activities		(1,992,608	)		35,589			(1,957,019	)
FINANCING ACTIVITIES:
Proceeds from the issuance of:
Long-term debt		4,302,570			29,783			4,332,353
Preferred stock		127,995			—			127,995
Common stock and treasury stock		106,068			—			106,068
Retirement of long-term debt		(2,689,206	)		(30,065	)		(2,719,271	)
Repurchase of common stock		(878,188	)		—			(878,188	)
Redemption of preferred stock		(33,719	)		—			(33,719	)
Changes in credit line borrowings – net		39,850			15,000			54,850
Dividends paid:
Common stock		(453,508	)		—			(453,508	)
Preferred stock		(25,472	)		(724	)		(26,196	)
Net cash flow provided by financing activities		496,390			13,994			510,384
Effect of exchange rates on cash and cash equivalents		(602	)		—			(602	)
Net increase (decrease) in cash and cash equivalents		(29,012	)		40,102			11,090
Cash and cash equivalents at beginning of period		619,786			—			619,786
Effect of the deconsolidation of Entergy New Orleans on cash and cash equivalents		(7,954	)		7,954			—
Cash and cash equivalents at end of period	$	582,820		$	48,056		$	630,876
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest – net of amount capitalized	$	461,345		$	—		$	461,345
Income taxes	$	116,072		$	(18,000	)	$	98,072

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

58

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2006 PRO FORMA INCOME STATEMENT

	UTILITY/PARENT/OTHER									CONSOLIDATED
	ENOI									ENOI
In thousands, for the year ended December 31, 2006.	GAAP			Adjustment*			Pro Forma			GAAP			Adjustment*			Pro Forma
OPERATING REVENUES:
Electric	$	9,065,800		$	204,989		$	9,270,789		$	9,063,135		$	204,989		$	9,268,124
Natural gas		84,230			100,088			184,318			84,230			100,088			184,318
Competitive businesses		39,817			—			39,817			1,784,793			—			1,784,793
Total		9,189,847			305,077			9,494,924			10,932,158			305,077			11,237,235
OPERATING EXPENSES:
Operating and Maintenance:
Fuel, fuel-related expenses, and gas purchased for resale		2,880,857			157,535			3,038,392			3,144,073			157,535			3,301,608
Purchased power		2,120,770			(43,647	)		2,077,123			2,138,237			(43,647	)		2,094,590
Nuclear refueling outage expenses		78,110			—			78,110			169,567			—			169,567
Other operation and maintenance		1,614,002			100,094			1,714,096			2,335,364			100,094			2,435,458
Decommissioning		82,912			169			83,081			145,884			169			146,053
Taxes other than income taxes		363,897			34,953			398,850			428,561			34,953			463,514
Depreciation and amortization		808,517			31,465			839,982			887,792			31,465			919,257
Other regulatory charges (credits) – net		(122,680	)		4,160			(118,520	)		(122,680	)		4,160			(118,520	)
Total		7,826,385			284,729			8,111,114			9,126,798			284,729			9,411,527
OPERATING INCOME		1,363,462			20,348			1,383,810			1,805,360			20,348			1,825,708
OTHER INCOME (DEDUCTIONS):
Allowance for equity funds used during construction		39,894			3,078			42,972			39,894			3,078			42,972
Interest and dividend income		163,717			(6,722	)		156,995			198,835			(6,722	)		192,113
Equity in earnings (loss) of unconsolidated equity affiliates		95,366			(4,057	)		91,309			93,744			(4,057	)		89,687
Miscellaneous – net		555			(543	)		12			16,114			(543	)		15,571
Total		299,532			(8,244	)		291,288			348,587			(8,244	)		340,343
INTEREST AND OTHER CHARGES:
Interest on long-term debt		489,282			4,069			493,351			498,451			4,069			502,520
Other interest – net		99,196			4,175			103,371			75,502			4,175			79,677
Allowance for borrowed funds used during construction		(23,931	)		(2,477	)		(26,408	)		(23,931	)		(2,477	)		(26,408	)
Preferred dividend requirements and other		24,363			1,286			25,649			27,783			1,286			29,069
Total		588,910			7,053			595,963			577,805			7,053			584,858
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		1,074,084			5,051			1,079,135			1,576,142			5,051			1,581,193
Income taxes		234,789			5,051			239,840			443,044			5,051			448,095
INCOME FROM CONTINUING OPERATIONS		839,295			—			839,295			1,133,098			—			1,133,098
LOSS FROM DISCONTINUED OPERATIONS (net of income tax expense of $67)		(496	)		—			(496	)		(496	)		—			(496	)
CONSOLIDATED NET INCOME	$	838,799		$	—		$	838,799		$	1,132,602		$	—		$	1,132,602

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

59

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2006 PRO FORMA BALANCE SHEET

	UTILITY/PARENT/OTHER									CONSOLIDATED
In thousands, as of December 31, 2006.	GAAP			ENOI Adjustment*			Pro Forma			GAAP			ENOI Adjustment*			Pro Forma
ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
Cash	$	95,468		$	3,886		$	99,354		$	117,379		$	3,886		$	121,265
Temporary cash investments – at cost, which approximates market		499,942			13,207			513,149			898,773			13,207			911,980
Total cash and cash equivalents		595,410			17,093			612,503			1,016,152			17,093			1,033,245
Notes receivable – Entergy New Orleans DIP loan		51,934			(51,934	)		—			51,934			(51,934	)		—
Notes receivable		266,717			—			266,717			699			—			699
Accounts receivable:
Customer		410,512			58,999			469,511			552,376			58,999			611,375
Allowance for doubtful accounts		(19,348	)		(10,563	)		(29,911	)		(19,348	)		(10,563	)		(29,911	)
Associated companies		(5,099	)		—			(5,099	)		—			—			—
Other		312,654			(86,258	)		226,396			345,400			(86,258	)		259,142
Accrued unbilled revenues		249,165			23,758			272,923			249,165			23,758			272,923
Total accounts receivable		947,884			(14,064	)		933,820			1,127,593			(14,064	)		1,113,529
Accumulated deferred income taxes		10,498			(2,924	)		7,574			11,680			(2,924	)		8,756
Fuel inventory – at average cost		189,829			5,041			194,870			193,098			5,041			198,139
Materials and supplies – at average cost		408,279			7,825			416,104			604,998			7,825			612,823
Deferred nuclear refueling outage costs		65,349			—			65,349			147,521			—			147,521
Prepayments and other		150,134			5,640			155,774			171,759			5,640			177,399
Total		2,686,034			(33,323	)		2,652,711			3,325,434			(33,323	)		3,292,111
OTHER PROPERTY AND INVESTMENTS:
Investment in affiliates – at equity		7,725,189			(153,988	)		7,571,201			229,089			(153,988	)		75,101
Decommissioning trust funds		1,274,676			—			1,274,676			2,858,523			—			2,858,523
Non-utility property – at cost (less accumulated depreciation)		208,956			1,107			210,063			212,726			1,107			213,833
Other		39,868			—			39,868			47,115			—			47,115
Total		9,248,689			(152,881	)		9,095,808			3,347,453			(152,881	)		3,194,572
PROPERTY, PLANT AND EQUIPMENT:
Electric		28,405,556			698,081			29,103,637			30,713,284			698,081			31,411,365
Property under capital lease		730,182			—			730,182			730,182			—			730,182
Natural gas		92,787			186,932			279,719			92,787			186,932			279,719
Construction work in progress		609,431			21,824			631,255			786,147			21,824			807,971
Nuclear fuel under capital lease		336,017			—			336,017			336,017			—			336,017
Nuclear fuel		140,357			—			140,357			494,759			—			494,759
Total property, plant and equipment		30,314,330			906,837			31,221,167			33,153,176			906,837			34,060,013
Less – accumulated depreciation and amortization		13,366,710			446,673			13,813,383			13,715,099			446,673			14,161,772
Property, plant and equipment – net		16,947,620			460,164			17,407,784			19,438,077			460,164			19,898,241
DEFERRED DEBITS AND OTHER ASSETS:
Regulatory assets:
SFAS 109 regulatory asset – net		740,110			(71,870	)		668,240			740,110			(71,870	)		668,240
Other regulatory assets		2,768,352			295,440			3,063,792			2,768,352			295,440			3,063,792
Deferred fuel costs		168,122			—			168,122			168,122			—			168,122
Long-term receivables		19,349			936			20,285			19,349			936			20,285
Goodwill		374,099			—			374,099			377,172			—			377,172
Other		736,461			4,824			741,285			898,662			4,824			903,486
Total		4,806,493			229,330			5,035,823			4,971,767			229,330			5,201,097
TOTAL ASSETS	$	33,688,836		$	503,290		$	34,192,126		$	31,082,731		$	503,290		$	31,586,021

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

60

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2006 PRO FORMA BALANCE SHEET

	UTILITY/PARENT/OTHER									CONSOLIDATED
In thousands, as of December 31, 2006.	GAAP			ENOI Adjustment*			Pro Forma			GAAP			ENOI Adjustment*			Pro Forma
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Currently maturing long-term debt	$	93,335		$	—		$	93,335		$	181,576		$	—		$	181,576
Notes payable:
Associated companies		979,198			—			979,198			—			—			—
Other		25,039			—			25,039			25,039			—			25,039
Accounts payable:
Associated companies		69,355			—			69,355			—			—			—
Other		901,434			59,034			960,468			1,122,596			59,034			1,181,630
Customer deposits		248,031			14,808			262,839			248,031			14,808			262,839
Taxes accrued		167,060			2,087			169,147			187,324			2,087			189,411
Interest accrued		159,527			18,004			177,531			160,831			18,004			178,835
Deferred fuel costs		73,031			(18,996	)		54,035			73,031			(18,996	)		54,035
Obligations under capital leases		153,246			—			153,246			153,246			—			153,246
Pension and other postretirement liabilities		39,008			16			39,024			41,912			16			41,928
Other		100,501			6,138			106,639			271,544			6,138			277,682
Total		3,008,765			81,091			3,089,856			2,465,130			81,091			2,546,221
NON–CURRENT LIABILITIES:
Accumulated deferred income taxes and taxes accrued		5,451,700			98,884			5,550,584			5,820,700			98,884			5,919,584
Accumulated deferred investment tax credits		358,550			3,157			361,707			358,550			3,157			361,707
Obligations under capital leases		188,033			—			188,033			188,033			—			188,033
Other regulatory liabilities		449,237			—			449,237			449,237			—			449,237
Decommissioning and asset retirement cost liabilities		1,249,482			2,591			1,252,073			2,023,846			2,591			2,026,437
Transition to competition		79,098			—			79,098			79,098			—			79,098
Accumulated provisions		81,053			8,384			89,437			88,902			8,384			97,286
Pension and other postretirement liabilities		1,125,707			60,034			1,185,741			1,410,433			60,034			1,470,467
Long-term debt		8,560,534			226,619			8,787,153			8,798,087			226,619			9,024,706
Preferred stock with sinking fund		10,500			—			10,500			10,500			—			10,500
Other		1,173,844			2,750			1,176,594			847,415			2,750			850,165
Total		18,727,738			402,419			19,130,157			20,074,801			402,419			20,477,220
Commitments and Contingencies
Preferred stock without sinking fund		310,751			19,780			330,531			344,913			19,780			364,693
SHAREHOLDERS’ EQUITY:
Common stock, $.01 par value, authorized 500,000,000 shares; issued 248,174,087 shares in 2006		2,228,350			—			2,228,350			2,482			—			2,482
Paid–in capital		6,668,007			—			6,668,007			4,827,265			—			4,827,265
Retained earnings		5,592,532			—			5,592,532			6,113,042			—			6,113,042
Accumulated other comprehensive loss		(82,917	)		—			(82,917	)		(100,512	)		—			(100,512	)
Less – treasury stock, at cost (45,506,311 shares in 2006)		2,764,390			—			2,764,390			2,644,390			—			2,644,390
Total		11,641,582			—			11,641,582			8,197,887			—			8,197,887
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	33,688,836		$	503,290		$	34,192,126		$	31,082,731		$	503,290		$	31,586,021

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

61

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Reconsolidation of Entergy New Orleans) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2006 PRO FORMA STATEMENT OF CASH FLOW

	CONSOLIDATED
In thousands, for the year ended December 31, 2006.	GAAP			ENOI Adjustment*			Pro Forma
OPERATING ACTIVITIES:
Consolidated net income	$	1,132,602		$	—		$	1,132,602
Adjustments to reconcile consolidated net income to net cash flow provided by operating activities:
Reserve for regulatory adjustments		36,352			(20	)		36,332
Other regulatory credits – net		(122,680	)		4,160			(118,520	)
Depreciation, amortization, and decommissioning		1,035,153			31,634			1,066,787
Deferred income taxes, investment tax credits, and non-current taxes accrued		738,643			54,395			793,038
Equity in earnings (loss) of unconsolidated equity affiliates – net of dividends		4,436			4,057			8,493
Provisions for asset impairments and restructuring charges					—
Changes in working capital:
Receivables		408,042			(1,817	)		406,225
Fuel inventory		13,097			3,007			16,104
Accounts payable		(83,884	)		10,855			(73,029	)
Taxes accrued		(835	)		2,464			1,629
Interest accrued		5,975			15,337			21,312
Deferred fuel		582,947			11,597			594,544
Other working capital accounts		64,479			(1,447	)		63,032
Provision for estimated losses and reserves		39,822			496			40,318
Changes in other regulatory assets		(127,305	)		(55,607	)		(182,912	)
Other		(279,005	)		14,717			(264,288	)
Net cash flow provided by operating activities		3,447,839			93,828			3,541,667
INVESTING ACTIVITIES:
Construction/capital expenditures		(1,633,268	)		(80,792	)		(1,714,060	)
Allowance for equity funds used during construction		39,894			3,078			42,972
Nuclear fuel purchases		(326,248	)		—			(326,248	)
Proceeds from sale/leaseback of nuclear fuel		135,190			—			135,190
Proceeds from sale of assets and businesses		77,159			—			77,159
Payment for purchase of plant		(88,199	)		—			(88,199	)
Insurance proceeds received for property damages		18,828			4,664			23,492
Decrease (increase) in other investments		(6,353	)		(36,458	)		(42,811	)
Proceeds from nuclear decommissioning trust fund sales		777,584			—			777,584
Investment in nuclear decommissioning trust funds		(884,123	)		—			(884,123	)
Other regulatory investments		(38,037	)		—			(38,037	)
Net cash flow used in investing activities		(1,927,573	)		(109,508	)		(2,037,081	)
FINANCING ACTIVITIES:
Proceeds from the issuance of:
Long-term debt		1,837,713			(6	)		1,837,707
Preferred stock		73,354			—			73,354
Common stock and treasury stock		70,455			—			70,455
Retirement of long-term debt		(1,804,373	)		—			(1,804,373	)
Repurchase of common stock		(584,193	)		—			(584,193	)
Redemption of preferred stock		(183,881	)		—			(183,881	)
Changes in credit line borrowings – net		(15,000	)		(15,000	)		(30,000	)
Dividends paid:
Common stock		(448,954	)		—			(448,954	)
Preferred stock		(28,848	)		(277	)		(29,125	)
Net cash flow used in financing activities		(1,083,727	)		(15,283	)		(1,099,010	)
Effect of exchange rates on cash and cash equivalents		(3,207	)		—			(3,207	)
Net increase (decrease) in cash and cash equivalents		433,332			(30,963	)		402,369
Cash and cash equivalents at beginning of period		582,820			48,056			630,876
Cash and cash equivalents at end of period	$	1,016,152		$	17,093		$	1,033,245
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Interest – net of amount capitalized	$	514,189			—		$	514,189
Income taxes	$	(147,435	)	$	(57,193	)	$	(204,628	)

* Adjustment to reflect reconsolidation of Entergy New Orleans, Inc.

Totals may not foot due to rounding.

Certain prior year data has been reclassified to conform with current year presentation.

62

REG G RECONCILIATIONS

PRO FORMA FINANCIAL RESULTS (Reflects Jurisdictional Split of Entergy Gulf States, Inc.) (unaudited)

RECONCILIATION OF GAAP TO NON-GAAP

2007 PRO FORMA INCOME STATEMENT

In thousands, for the year ended December 31, 2007.	Entergy Gulf States Louisiana GAAP			Adjustment*			Entergy Gulf States Louisiana Pro Forma
OPERATING REVENUES:
Electric	$	3,448,008		$	(1,238,442	)	$	2,209,566
Natural gas		86,604			—			86,604
Total		3,534,612			(1,238,442	)		2,296,170
OPERATING EXPENSES:
Operating and maintenance:
Fuel, fuel-related expenses, and gas purchased for resale		867,081			(546,413	)		320,668
Purchased power		1,339,986			(232,938	)		1,107,048
Nuclear refueling outage expenses		12,212			—			12,212
Other operation and maintenance		548,999			(179,119	)		369,880
Decommissioning		11,728			(173	)		11,555
Taxes other than income taxes		132,489			(50,615	)		81,874
Depreciation and amortization		208,648			(68,172	)		140,476
Other regulatory charges (credits) – net		29,923			(16,808	)		13,115
Total		3,151,066			(1,094,238	)		2,056,828
OPERATING INCOME		383,546			(144,204	)		239,342
OTHER INCOME:
Allowance for equity funds used during construction		11,666			(3,295	)		8,371
Interest and dividend income		75,425			28,715			104,140
Miscellaneous – net		1,724			600			2,324
Total		88,815			26,020			114,835
INTEREST AND OTHER CHARGES:
Interest on long-term debt		149,464			(14,231	)		135,233
Other interest – net		13,945			(10,907	)		3,038
Allowance for borrowed funds used during construction		(7,528	)		2,126			(5,402	)
Total		155,881			(23,012	)		132,869
INCOME BEFORE INCOME TAXES		316,480			(95,172	)		221,308
Income taxes		123,701			(36,249	)		87,452
NET INCOME		192,779			(58,923	)		133,856
Preferred distribution requirements and other		3,968			—			3,968
EARNINGS APPLICABLE TO COMMON EQUITY	$	188,811		$	(58,923	)	$	129,888

* Adjustment to reflect as if the transactions implementing the Entergy Gulf States, Inc. jurisdictional split had occurred as of January 1, 2007.

63

REG G RECONCILIATIONS

CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES 2003-2007

($ millions)	2007		2006(a)	2005(a)		2004	2003
As-Reported earnings (A)	1,135		1,133	898		910	927
Preferred dividends	25		28	25		24	24
Tax-effected interest expense	392		339	293		295	311
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	1,552		1,499	1,217		1,228	1,262
Special items (C)	(32	)	135	(45	)	30	(55	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	1,584		1,364	1,262		1,198	1,317
Operational earnings (A-C)	1,167		998	943		880	982
Average invested capital (D)	18,721		17,688	16,850		16,845	17,114
Average common equity (E)	8,030		7,970	8,020		8,500	8,271
Operating revenues (F)	11,484		10,932	10,106		9,686	9,033
Gross debt (G)	11,123		9,356	9,288		7,807	8,182
Less cash and cash equivalents (H)	1,273		1,016	583		620	507
Net debt (G-H)	9,850		8,340	8,705		7,187	7,675
Total capitalization (I)	19,297		17,899	17,477		16,469	17,220
Less cash and cash equivalents (J)	1,273		1,016	583		620	507
Net capitalization (I-J)	18,024		16,883	16,894		15,849	16,713
Off-balance sheet liabilities (K)	658		665	778		769	915
Revolver capacity (L)	1,730		2,770	2,545		1,490	1,553
Gross liquidity (H+L)	3,003		3,786	3,128		2,110	2,060
($ per share)
As-Reported earnings per share (M)	5.60		5.36	4.19		3.93	4.01
Operational earnings per share (N)	5.76		4.72	4.40		3.80	4.25
Common dividend paid per share (O)	2.58		2.16	2.16		1.89	1.60
Year-end closing market price per share of common stock (P)	119.52		92.32	68.65		67.59	57.13
(%)
Return on average invested capital – As-Reported (B/D)	8.3		8.5	7.2		7.3	7.4
Return on average invested capital – Operational ((B-C)/D)	8.5		7.7	7.5		7.1	7.7
Return on average common equity – As-Reported (A/E)	14.1		14.2	11.2		10.7	11.2
Return on average common equity – Operational ((A-C)/E)	14.5		12.5	11.8		10.4	11.9
Net margin – As-Reported (A/F)	9.9		10.4	8.9		9.4	10.3
Net margin – Operational ((A-C)/F)	10.2		9.1	9.3		9.1	10.9
Debt to capital ratio (G/I)	57.6		52.3	53.1		47.4	47.5
Net debt to net capital ratio ((G-H)/(I-J))	54.7		49.4	51.5		45.3	45.9
Net debt to net capital ratio including off-balance sheet liabilities ((G-H+K)/(I-J+K))	56.2		51.3	53.7		47.9	48.7
Common dividend payout ratio – As-Reported (O/M)	46		40	52		48	40
Common dividend payout ratio – Operational (O/N)	45		46	49		50	38
(ratio)
Price to earnings ratio – As-Reported (P/M)	21.34		17.24	16.39		17.18	14.25
Price to earnings ratio – Operational (P/N)	20.75		19.56	15.61		17.77	13.45

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Calculations may differ due to rounding.

64

REG G RECONCILIATIONS

CONSOLIDATED FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES 1Q06-4Q07

($ millions)	1Q06(a)		2Q06(a)		3Q06(a)		4Q06(a)		1Q07	2Q07	3Q07	4Q07
For the quarter:
As-Reported earnings (A)	193.6		281.8		388.9		268.3		212.2	267.6	461.2	193.9
Less special items (B)	3.4		23.8		6.3		101.4		—	—	—	(32	)
Operational earnings (A-B)	190.2		258.0		382.6		166.9		212.2	267.6	461.2	225.9
As-Reported earnings trailing 12 months (C)	920		916		955		1,133		1,151	1,137	1,209	1,135
Preferred dividends	27		28		29		28		28	26	25	25
Tax-effected interest expense	304		316		324		339		352	365	392	392
As-Reported earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D)	1,251		1,260		1,308		1,499		1,531	1,528	1,626	1,552
Special items in prior quarters	(43	)	(37	)	(6	)	33		132	108	101	—
Special items 1Q06 through 4Q07
Utility/Parent/Other
ENOI results	6		11		7		(20	)	—	—	—	—
Entergy-Koch, LP gain	—		—		—		55		—	—	—	—
Retail business impairment reserve	—		—		—		—		—	—	—	—
Retail business discontinued operations	(2	)	13		(1	)	(10	)	—	—	—	—
Restructuring-Entergy-Koch, LP distribution	—		—		—		104		—	—	—	—
Energy Commodity Services
Non-Nuclear Wholesale Assets write-off of tax capital losses	—		—		—		(28	)	—	—	—	—
Nuclear Fleet Alignment	—		—		—		—		—	—	—	(32	)
Total special items (E)	(40	)	(13	)	—		135		132	108	101	(32	)
Operational earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D-E)	1,291		1,273		1,308		1,364		1,399	1,420	1,525	1,584
Operational earnings, trailing 12 months (C-E)	960		929		955		998		1,020	1,029	1,108	1,167
Average invested capital (F)	17,140		17,283		17,514		17,688		18,227	18,652	18,866	18,721
Average common equity (G)	8,026		8,080		8,208		7,970		7,939	7,998	8,264	8,030
Operating revenues, trailing 12 months (H)	10,564		10,747		11,104		10,932		11,295	11,371	11,311	11,484
Gross debt (I)	9,329		9,402		9,054		9,356		10,100	10,936	11,194	11,123
Less cash and cash equivalents (J)	752		729		745		1,016		1,100	1,320	1,467	1,273
Net debt (I-J)	8,576		8,673		8,309		8,340		9,000	9,616	9,728	9,850
Total capitalization (K)	17,888		17,956		17,957		17,899		18,304	19,088	19,529	19,297
Less cash and cash equivalents (L)	752		729		745		1,016		1,100	1,320	1,467	1,273
Net capital (K-L)	17,135		17,227		17,212		16,883		17,204	17,767	18,062	18,024
Off-balance sheet liabilities (M)	732		671		668		665		668	664	662	658
Revolver capacity (N)	2,718		2,710		3,095		2,770		2,170	1,650	1,804	1,730
Gross liquidity (J+N)	3,470		3,439		3,840		3,786		3,270	2,970	3,271	3,003
(%)
Return on average invested capital – As-Reported (D/F)	7.3		7.3		7.5		8.5		8.4	8.2	8.6	8.3
Return on average invested capital – Operational ((D-E)/F)	7.5		7.4		7.5		7.7		7.7	7.6	8.1	8.5
Return on average common equity – As-Reported (C/G)	11.5		11.3		11.6		14.2		14.5	14.2	14.6	14.1
Return on average common equity – Operational ((C-E)/G)	12.0		11.5		11.6		12.5		12.8	12.9	13.4	14.5
Net margin – As-Reported (C/H)	8.7		8.5		8.6		10.4		10.2	10.0	10.7	9.9
Net margin – Operational ((C-E)/H)	9.1		8.6		8.6		9.1		9.0	9.1	9.8	10.2
Debt to capital ratio (I/K)	52.1		52.4		50.4		52.3		55.2	57.3	57.3	57.6
Net debt to net capital ratio ((I-J)/(K-L))	50.0		50.4		48.3		49.4		52.3	54.1	53.9	54.7
Net debt to net capital including off-balance sheet liabilities ((I-J+M)/(K-L+M))	52.1		52.2		50.2		51.3		54.1	55.8	55.5	56.2

(a) 2006 reflects deconsolidation of Entergy New Orleans, Inc.

Calculations may differ due to rounding.

65

REG G RECONCILIATIONS

UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES 2003-2007

($ millions)	2007		2006(a)	2005(a)	2004	2003
As-Reported earnings (A)	682.7		691.2	659.8	643.4	469.1
Preferred dividends	21.7		24.4	22.0	23.3	23.5
Tax-effected interest expense	259.8		246.8	224.0	235.9	258.1
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	964.2		962.3	905.8	902.6	750.7
Utility special items
Nuclear alignment	(13.7	)	—	—	—	—
ENOI results	—		4.1	—	—	—
River Bend loss provision	—		—	—	—	(65.6	)
SFAS 143 implementation	—		—	—	—	(21.3	)
Voluntary severance plan	—		—	—	—	(70.1	)
Total special items (C)	(13.7	)	4.1	—	—	(157.0	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	977.9		958.2	905.8	902.6	907.7
Operational earnings (A-C)	696.4		687.1	659.8	643.4	626.1
Average invested capital (D)	13,903		13,254	12,738	12,514	12,796
Average common equity (E)	6,440		6,132	5,786	5,539	5,422
Gross debt (G)	7,249		6,786	6,990	6,394	6,851
Less cash and cash equivalents (H)	801		564	301	586	401
Net debt (G-H)	6,448		6,222	6,689	5,808	6,450
Total capitalization (I)	14,088		13,266	13,502	12,375	12,653
Less cash and cash equivalents (J)	801		564	301	586	401
Net capitalization (I-J)	13,287		12,702	13,201	11,789	12,252
(%)
Return on average invested capital – As-Reported (B/D)	6.9		7.2	7.1	7.2	5.9
Return on average invested capital – Operational ((B-C)/D)	7.0		7.2	7.1	7.2	7.1
Return on average common equity – As-Reported (A/E)	10.6		11.3	11.4	11.6	8.7
Return on average common equity – Operational ((A-C)/E)	10.8		11.2	11.4	11.6	11.5
Debt to capital ratio (G/I)	51.5		51.3	51.8	51.7	54.1
Net debt to net capital ratio ((G-H)/(I-J))	48.5		49.1	50.7	49.3	52.6

(a) 2006 and 2005 reflect deconsolidation of Entergy New Orleans, Inc.

Calculations may differ due to rounding.

66

REG G RECONCILIATIONS

UTILITY FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES 1Q06-4Q07

($ millions)	1Q06(a)		2Q06(a)		3Q06(a)		4Q06(a)		1Q07		2Q07		3Q07		4Q07
As-Reported earnings (A)	119.8		199.6		290.0		81.8		104.4		148.2		333.1		97.0
Less special items (B)	5.6		10.6		7.3		(19.6	)	—		—		—		(13.7	)
Operational earnings (A-B)	114.1		188.9		282.7		101.4		104.4		148.2		333.1		110.7
As-Reported earnings-trailing 12 months (C)	689.0		676.9		668.1		691.2		675.9		624.4		667.5		682.7
Preferred dividends	23.7		25.0		25.4		24.4		23.8		22.2		21.6		21.7
Tax-effected interest expense	226.0		232.3		229.2		246.8		259.2		261.6		274.2		259.8
As-Reported earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D)	938.7		934.2		922.7		962.3		958.9		908.2		963.3		964.2
Special items in prior quarters	(4.7	)	(7.2	)	(2.9	)	23.7		(1.6	)	(12.3	)	(19.6	)	—
Special items 1Q06 through 4Q07	5.6		10.7		7.3		(19.6	)	—		—		—		(13.7	)
Total special items (E)	0.9		3.5		4.4		4.1		(1.6	)	(12.3	)	(19.6	)	(13.7	)
Operational earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D-E)	937.8		930.7		918.3		958.2		960.5		920.5		982.9		977.9
Operational earnings, trailing 12 months (C-E)	688.1		673.4		663.7		687.1		677.5		636.7		687.1		696.4
Average invested capital (F)	12,723		12,782		12,946		13,254		13,711		13,869		14,004		13,903
Average common equity (G)	5,833		5,906		6,023		6,132		6,334		6,406		6,502		6,440
Gross debt (H)	6,749		6,793		6,763		6,786		6,920		7,224		7,347		7,249
Less cash and cash equivalents (I)	354		278		276		564		613		926		928		801
Net debt (H-I)	6,396		6,514		6,488		6,222		6,307		6,298		6,418		6,448
Total capitalization (J)	13,399		13,311		13,356		13,266		13,605		13,999		14,231		14,088
Less cash and cash equivalents (K)	354		278		276		564		613		926		928		801
Net capital (J-K)	13,046		13,033		13,080		12,702		12,993		13,073		13,303		13,287
(%)
Return on average invested capital – As-Reported (D/F)	7.4		7.3		7.1		7.2		7.0		6.5		6.9		6.9
Return on average invested capital – Operational ((D-E)/F)	7.4		7.3		7.1		7.2		7.0		6.6		7.0		7.0
Return on average common equity – As-Reported (C/G)	11.8		11.5		11.1		11.3		10.7		9.7		10.3		10.6
Return on average common equity – Operational ((C-E)/G)	11.8		11.4		11.0		11.2		10.7		9.9		10.6		10.8
Debt to capital ratio (H/J)	50.4		51.0		50.6		51.3		50.9		51.6		51.6		51.5
Net debt to net capital ratio ((H-I)/(J-K))	49.0		50.0		49.6		49.1		48.5		48.2		48.2		48.5

(a) 2006 reflects deconsolidation of Entergy New Orleans, Inc.

Calculations may differ due to rounding.

67

REG G RECONCILIATIONS

ENTERGY ARKANSAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2003-2007

($ millions)	2007		2006	2005	2004	2003
As-Reported earnings (A)	132.2		165.6	166.9	134.4	118.2
Preferred dividends	6.9		7.6	7.8	7.8	7.8
Tax-effected interest expense	53.4		50.8	47.1	48.1	51.4
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	192.5		224.0	221.8	190.3	177.4
Special items
Nuclear alignment	(5.9	)	—	—	—	—
Voluntary severance plan	—		—	—	—	(28.4	)
Total special items (C)	(5.9	)	—	—	—	(28.4	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	198.4		224.0	221.8	190.3	205.8
Operational earnings (A-C)	138.1		165.6	166.9	134.4	146.6
Average invested capital (D)	2,965		2,967	2,920	2,877	2,883
Average common equity (E)	1,409		1,432	1,378	1,303	1,254
Gross debt (F)	1,442		1,436	1,400	1,450	1,465
Less cash and cash equivalents (G)	0.2		35	9	90	9
Net debt (F-G)	1,441		1,401	1,391	1,360	1,456
Total capitalization (H)	2,942		2,987	2,946	2,894	2,860
Less cash and cash equivalents (I)	0.2		35	9	90	9
Net capitalization (H-I)	2,942		2,952	2,937	2,804	2,851
(%)
Return on average invested capital – As-Reported (B/D)	6.5		7.6	7.6	6.6	6.2
Return on average invested capital – Operational ((B-C)/D)	6.7		7.6	7.6	6.6	7.1
Return on average common equity – As-Reported (A/E)	9.4		11.6	12.1	10.3	9.4
Return on average common equity – Operational ((A-C)/E)	9.8		11.6	12.1	10.3	11.7
Debt to capital ratio (F/H)	49.0		48.1	47.5	50.1	51.2
Net debt to net capital ratio ((F-G)/(H-I))	49.0		47.5	47.4	48.5	51.1

ENTERGY GULF STATES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2003-2007

	ETI		EGSL
($ millions)	2007		2007		2006	2005	2004	2003
As-Reported earnings (A)	58.9		129.9	(a)	208.0	202.3	187.8	37.9
Preferred dividends	—		4.0	(a)	4.0	4.2	4.5	4.7
Tax-effected interest expense	51.2		81.8	(a)	88.0	71.2	76.3	88.7
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	110.1		215.7		300.0	277.7	268.6	131.3
Special items
Nuclear alignment	—		(3.6	)	—	—	—	—
River Bend loss provision	—		—		—	—	—	(65.6	)
SFAS 143 implementation	—		—		—	—	—	(21.3	)
Voluntary severance plan	—		—		—	—	—	(15.5	)
Total special items (C)	—		(3.6	)	—	—	—	(102.4	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	110.1		219.3		300.0	277.7	268.6	233.7
Operational earnings (A-C)	58.9		133.5		208.0	202.3	187.8	140.3
Average invested capital (D)	2,245		3,186		4,699	4,304	4,046	4,190
Average common equity (E)	996		1,254	(b)	2,217	2,005	1,740	1,710
Gross debt (F)	1,083	(b)	1,690	(b)	2,442	2,426	2,078	2,439
Less cash and cash equivalents (G)	297		108		180	25	7	206
Net debt (F-G)	786		1,582		2,262	2,401	2,071	2,233
Total capitalization (H)	2,087	(b)	2,990	(b)	4,695	4,697	3,911	4,182
Less cash and cash equivalents (I)	297		108		180	25	7	206
Net capitalization (H-I)	1,790		2,882		4,515	4,672	3,904	3,976
(%)
Return on average invested capital – As-Reported (B/D)	4.9		6.8		6.4	6.5	6.6	3.1
Return on average invested capital – Operational ((B-C)/D)	4.9		6.9		6.4	6.5	6.6	5.6
Return on average common equity – As-Reported (A/E)	5.9		10.4		9.4	10.1	10.8	2.2
Return on average common equity – Operational ((A-C)/E)	7.0	(b)	10.6		9.4	10.1	10.8	8.2
Debt to capital ratio (F/H)	51.9	(b)	56.5	(b)	52.0	51.7	53.1	58.3
Net debt to net capital ratio ((F-G)/(H-I))	43.9		54.9		50.1	51.4	53.0	56.2

(a) See page 63 for the Pro Forma EGSL Income Statement.

(b) See page 69 for Pro Forma calculations.

Calculations may differ due to rounding.

68

REG G RECONCILIATIONS

ENTERGY GULF STATES AND ENTERGY TEXAS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

EGSL PRO FORMA AVERAGE COMMON EQUITY

2007

	(D)		(E)		(D-E)
($ millions)	EGSI 2006 Per 10-K		Adjustments		EGSL 2006 Pro Forma
Shareholders Equity:
Preferred membership interests without sinking fund (A)	47		(1	)	48
Members’ equity	2,225		988		1,238
Accumulated other comprehensive loss	(20	)	—		(20	)
Total Equity (B)	2,253		987		1,266
2006 Pro Forma Total Common Equity (B-A)					1,218
2007 Total Common Equity (C)					1,290
2007 Average Common Equity ((C)+(B-A))/2					1,254

ETI PRO FORMA AVERAGE COMMON EQUITY AND RETURN ON AVERAGE COMMON EQUITY

2007

($ millions)	ETI
As-Reported Earnings (A)	58.9
Total Special Items (B)	—
Operational Earnings (A-B)	58.9
Average Common Equity (C)	996.1
Less Equity Infusion from Parent	150.0
Adjusted Average Common Equity (D)	846.1
ROE – As-Reported (A/C)	5.9	%
ROE – Operational ((A-B)/D)	7.0	%

EGSL/ETI PRO FORMA DEBT TO CAPITAL RATIO

2007

($ millions)	ETI		EGSL
Currently maturing long-term debt	309		675
Obligations under capital leases – current	—		29
Obligations under capital leases – non-current	—		82
Long-term debt	1,104		1,674
Total debt before adjustments (A)	1,413		2,460
Less debt assumption by ETI (EGSL) (B)	—		770
Less securitized debt (ETI) (C)	330		—
Adjusted total debt (A-B-C)	1,083		1,690
Shareholders’ equity (D)	1,004		1,290
Preferred membership interests without sinking fund (E)	—		10
Adjusted total capital (A-B-C)+(D+E)	2,087		2,990
Pro Forma Debt/Capital Ratio (A-B-C)/((A-B-C)+(D+E))	51.9	%	56.5	%

EGSL PRO FORMA CASH FLOW INTEREST COVERAGE

2007

($ thousands)	(A) EGSL(a) Per 2007 10-K		(B) ETI Per Form 10		(A-B) EGSL Pro Forma
Net Income	192,779		58,921		133,858
Adjustments to reconcile net income to net cash flow provided by operating activities:
Reserve for regulatory adjustments	363		(363	)	726
Other regulatory charges (credits) – net	29,923		16,808		13,115
Depreciation, amortization, and decommissioning	220,376		68,345		152,031
Deferred income taxes, investment tax credits, and non-current taxes accrued	98,734		218,873		(120,139	)
Changes in working capital:
Receivables	(261,538	)	(230,481	)	(31,057	)
Fuel inventory	(18,377	)	(10,939	)	(7,438	)
Accounts payable	38,685		(1,328	)	40,013
Taxes accrued	(27,781	)	4,936		(32,717	)
Interest accrued	22,963		10,030		12,933
Deferred fuel costs	35,363		21,619		13,744
Other working capital accounts	197,802		86,598		111,204
Provision for estimated losses and reserves	(91,241	)	(568	)	(90,673	)
Changes in other regulatory assets	116,317		(21,038	)	137,355
Other	6,372		(45,422	)	51,794
Net Cash Flow from Operating Activities	560,740		175,991		384,749
EGSL Pro Forma Net Cash Flow from Operating Activities			(C	)	384,749
Cash Paid During Period for Interest – net of amount capitalized			(D	)	131,280
Operating Cash Flow before Interest Payments			(C+D	)	516,029
Interest and Other Charges			(E	)	132,869	(b)
Pro Forma Cash Flow Interest Coverage			((C+D	)/E)	3.9

(a) Entergy Gulf States Louisiana, L.L.C. (EGSL) is the successor for financial reporting purposes to Entergy Gulf States, Inc. EGSL’s Cash Flow Statement for the year ended 2007 includes the operations of Entergy Texas, Inc.

(b) See page 63 for the Pro Forma Income Statement.

Calculations may differ due to rounding.

69

REG G RECONCILIATIONS

ENTERGY LOUISIANA FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2003-2007

($ millions)	2007		2006	2005	2004	2003
As-Reported earnings (A)	136.4		130.7	128.1	127.5	146.1
Preferred dividends	7.0		7.0	—	—	—
Tax-effected interest expense	48.2		50.5	48.6	42.7	43.9
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	191.5		188.2	176.6	170.2	190.0
Special items
Nuclear alignment	(2.2	)	—	—	—	—
Voluntary severance plan	—		—	—	—	(12.6	)
Total special items (C)	(2.2	)	—	—	—	(12.6	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	193.7		188.2	176.6	170.2	202.6
Operational earnings (A-C)	138.6		130.7	128.1	127.5	158.7
Average invested capital (D)	2,697		2,562	2,263	2,020	2,130
Average members’ equity (E)	1,386		1,212	1,069	1,027	1,021
Gross debt (F)	1,192		1,230	1,271	1,017	968
Less cash and cash equivalents (G)	0.3		3	105	146	9
Net debt (F-G)	1,192		1,227	1,166	871	959
Total capitalization (H)	2,746		2,648	2,476	2,050	1,989
Less cash and cash equivalents (I)	0.3		3	105	146	9
Net capitalization (H-I)	2,745		2,645	2,371	1,904	1,980
(%)
Return on average invested capital – As-Reported (B/D)	7.1		7.3	7.8	8.4	8.9
Return on average invested capital – Operational ((B-C)/D)	7.2		7.3	7.8	8.4	9.5
Return on average members’ equity – As-Reported (A/E)	9.8		10.8	12.0	12.4	14.3
Return on average members’ equity – Operational ((A-C)/E)	10.0		10.8	12.0	12.4	15.5
Debt to capital ratio (F/H)	43.4		46.4	51.3	49.6	48.6
Net debt to net capital ratio ((F-G)/(H-I))	43.4		46.4	49.2	45.8	48.4

ENTERGY MISSISSIPPI FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2003-2007

($ millions)	2007	2006	2005	2004	2003
As-Reported earnings (A)	69.3	49.5	58.8	70.1	63.7
Preferred dividends	2.8	2.8	3.3	3.4	3.4
Tax-effected interest expense	27.4	29.9	25.3	25.6	26.8
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	99.5	82.2	87.4	99.1	93.9
Special items
Voluntary severance plan	—	—	—	—	(4.5	)
Total special items (C)	—	—	—	—	(4.5	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	99.5	82.2	87.4	99.1	98.4
Operational earnings (A-C)	69.3	49.5	58.8	70.1	68.2
Average invested capital (D)	1,437	1,391	1,301	1,289	1,296
Average common equity (E)	637	595	555	526	498
Gross debt (F)	704	795	695	695	730
Less cash and cash equivalents (G)	41	73	5	80	64
Net debt (F-G)	664	722	690	615	666
Total capitalization (H)	1,411	1,463	1,319	1,283	1,295
Less cash and cash equivalents (I)	41	73	5	80	64
Net capitalization (H-I)	1,371	1,390	1,314	1,203	1,231
(%)
Return on average invested capital – As-Reported (B/D)	6.9	5.9	6.7	7.7	7.2
Return on average invested capital – Operational ((B-C)/D)	6.9	5.9	6.7	7.7	7.6
Return on average common equity – As-Reported (A/E)	10.9	8.3	10.6	13.3	12.8
Return on average common equity – Operational ((A-C)/E)	10.9	8.3	10.6	13.3	13.7
Debt to capital ratio (F/H)	49.9	54.3	52.7	54.2	56.4
Net debt to net capital ratio ((F-G)/(H-I))	48.4	51.9	52.6	51.1	54.1

Calculations may differ due to rounding.

70

REG G RECONCILIATIONS

ENTERGY NEW ORLEANS FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2003-2007

($ millions)	2007	2006	2005	2004	2003
As-Reported earnings (A)	23.5	4.1	0.8	27.1	6.9
Preferred dividends	1.1	1.3	0.5	1.0	1.0
Tax-effected interest expense	12.4	10.4	6.7	9.5	9.6
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	37.0	15.8	8.0	37.6	17.5
Special items
Voluntary severance plan	—	—	—	—	(3.0	)
Total special items (C)	—	—	—	—	(3.0	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	37.0	15.8	8.0	37.6	20.5
Operational earnings (A-C)	23.5	4.1	0.8	27.1	9.9
Average invested capital (D)	478	480	454	393	380
Average common equity (E)	166	152	152	144	131
Gross debt (F)	304	282	335	230	229
Less cash and cash equivalents (G)	92	17	48	8	5
Net debt (F-G)	212	265	287	222	224
Total capitalization (H)	501	456	505	404	382
Less cash and cash equivalents (I)	92	17	48	8	5
Net capitalization (H-I)	409	438	457	396	377
(%)
Return on average invested capital – As-Reported (B/D)	7.7	3.3	1.8	9.6	4.6
Return on average invested capital – Operational ((B-C)/D)	7.7	3.3	1.8	9.6	5.4
Return on average common equity – As-Reported (A/E)	14.2	2.7	0.5	18.9	5.3
Return on average common equity – Operational ((A-C)/E)	14.2	2.7	0.5	18.9	7.6
Debt to capital ratio (F/H)	60.6	61.9	66.4	56.9	60.1
Net debt to net capital ratio ((F-G)/(H-I))	51.8	60.4	62.8	56.0	59.6

SYSTEM ENERGY RESOURCES FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES 2003-2007

($ millions)	2007		2006	2005	2004	2003
As-Reported earnings (A)	136.1		140.3	111.6	105.9	106.0
Preferred dividends	—		—	—	—	—
Tax-effected interest expense	34.5		36.5	36.9	36.0	39.5
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	170.6		176.8	148.5	141.9	145.5
Special items
Nuclear alignment	(1.9	)	—	—	—	—
Voluntary severance plan	—		—	—	—	(6.1	)
Total special items (C)	(1.9	)	—	—	—	(6.1	)
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	172.5		176.8	148.5	141.9	151.6
Operational earnings (A-C)	138.0		140.3	111.6	105.9	112.1
Average invested capital (D)	1,740		1,782	1,831	1,832	1,850
Average common equity (E)	860		876	894	894	893
Gross debt (F)	882		879	934	940	936
Less cash and cash equivalents (G)	105		135	76	216	53
Net debt (F-G)	777		744	858	724	883
Total capitalization (H)	1,744		1,736	1,827	1,835	1,829
Less cash and cash equivalents (I)	105		135	76	216	53
Net capitalization (H-I)	1,639		1,601	1,751	1,619	1,776
(%)
Return on average invested capital – As-Reported (B/D)	9.8		9.9	8.1	7.7	7.9
Return on average invested capital – Operational ((B-C)/D)	9.9		9.9	8.1	7.7	8.2
Return on average common equity – As-Reported (A/E)	15.8		16.0	12.5	11.9	11.9
Return on average common equity – Operational ((A-C)/E)	16.0		16.0	12.5	11.9	12.6
Debt to capital ratio (F/H)	50.6		50.6	51.1	51.2	51.2
Net debt to net capital ratio ((F-G)/(H-I))	47.4		46.4	49.0	44.7	49.7

Calculations may differ due to rounding.

71

REG G RECONCILIATIONS

ENTERGY NUCLEAR FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

2003-2007

($ millions)	2007		2006	2005	2004	2003
As-Reported earnings (A)	539.2		309.5	282.6	245.0	300.8
Preferred dividends	—		—	—	—	—
Tax-effected interest expense	21.4		29.2	31.3	33.0	21.2
As-Reported earnings including preferred dividends and tax-effected interest expense (B)	560.6		338.7	313.9	278.0	322.0
Special items
Nuclear alignment	(18.4	)	—	—	—	—
SFAS 143 implementation	—		—	—	—	154.4
Voluntary severance plan	—		—	—	—	(51.8	)
Total special items (C)	(18.4	)	—	—	—	102.6
Operational earnings including preferred dividends and tax-effected interest expense (B-C)	579.0		338.7	313.9	278.0	219.4
Operational earnings (A-C)	557.6		309.5	282.6	245.0	198.2
Average invested capital (D)	3,498		2,893	2,717	2,752	2,526
Average common equity (E)	3,092		2,413	2,083	2,000	1,654
Gross debt (F)	364		448	512	757	747
Less cash and cash equivalents (G)	429		384	212	140	149
Net debt (F-G)	(65	)	64	300	617	598
Total capitalization (H)	3,837		3,159	2,626	2,808	2,696
Less cash and cash equivalents (I)	429		384	212	140	149
Net capitalization (H-I)	3,408		2,775	2,414	2,668	2,547
(%)
Return on average invested capital – As-Reported (B/D)	16.0		11.7	11.6	10.1	12.8
Return on average invested capital – Operational ((B-C)/D)	16.6		11.7	11.6	10.1	8.6
Return on average common equity – As-Reported (A/E)	17.4		14.0	13.6	12.3	18.2
Return on average common equity – Operational ((A-C)/E)	18.0		14.0	13.6	12.3	11.9
Debt to capital ratio (F/H)	9.7		14.2	19.5	27.0	27.7
Net debt to net capital ratio ((F-G)/(H-I))	(1.9	)	2.3	12.4	23.1	23.5

Calculations may differ due to rounding.

72

REG G RECONCILIATIONS

ENTERGY NUCLEAR FINANCIAL MEASURES – RECONCILIATION OF GAAP TO NON-GAAP MEASURES

1Q06-4Q07

($ millions)	1Q06	2Q06	3Q06	4Q06	1Q07		2Q07	3Q07		4Q07
For the quarter:
As-Reported earnings (A)	81.5	63.4	106.9	57.7	128.2		108.7	160.9		141.4
Less special items (B)	—	—	—	—	—		—	—		(18.4	)
Operational earnings (A-B)	81.5	63.4	106.9	57.7	128.2		108.7	160.9		159.8
As-Reported earnings, trailing 12 months (C)	286.2	291.3	328.9	309.5	356.2		401.5	455.5		539.2
Preferred dividends	—	—	—	—	—		—	—		—
Tax-effected interest expense	31.1	29.3	30.8	29.3	26.0		23.8	22.0		21.4
As-Reported earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D)	317.3	320.6	359.7	338.8	382.2		425.3	477.5		560.6
Special items in prior quarters	—	—	—	—	—		—	—		—
Special items 1Q06 through 4Q07	—	—	—	—	—		—	—		(18.4	)
Total special items (E)	—	—	—	—	—		—	—		(18.4	)
Operational earnings, trailing 12 months including preferred dividends and tax-effected interest expense (D-E)	317.3	320.6	359.7	338.8	382.2		425.3	477.5		579.0
Operational earnings, trailing 12 months (C-E)	286.2	291.3	328.9	309.5	356.2		401.5	455.5		557.6
Average invested capital (F)	2,927	2,987	2,972	2,893	3,053		3,319	3,472		3,498
Average common equity (G)	2,260	2,313	2,364	2,413	2,625		2,874	3,058		3,092
Gross debt (H)	572	581	524	448	364		456	418		364
Less cash and cash equivalents (I)	311	382	418	384	433		344	493		429
Net debt (H-I)	261	199	106	64	(69	)	112	(75	)	(65	)
Total capitalization (J)	2,965	3,045	3,146	3,159	3,222		3,740	3,913		3,837
Less cash and cash equivalents (K)	311	382	418	384	433		344	493		429
Net capital (J-K)	2,655	2,663	2,728	2,775	2,788		3,396	3,420		3,408
(%)
Return on average invested capital – As-Reported (D/F)	10.8	10.7	12.1	11.7	12.4		12.5	13.5		16.0
Return on average invested capital – Operational ((D-E)/F)	10.8	10.7	12.1	11.7	12.4		12.5	13.5		16.6
Return on average common equity – As-Reported (C/G)	14.0	13.9	15.2	14.0	13.6		14.0	14.9		17.4
Return on average common equity – Operational ((C-E)/G)	14.0	13.9	15.2	14.0	13.6		14.0	14.9		18.0
Debt to capital ratio (H/J)	19.3	19.1	16.7	14.2	11.3		12.2	10.7		9.7
Net debt to net capital ratio ((H-I)/(J-K))	9.9	7.5	3.9	2.3	(2.5	)	3.3	(2.2	)	(1.9	)

Calculations may differ due to rounding.

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INVESTOR INFORMATION

INVESTOR NEWS

Entergy’s quarterly earnings results, webcasts, presentations, and other news and information of investor interest may be obtained by visiting the investor information page on Entergy’s corporate Web site at entergy.com or calling Entergy Shareholder Direct at 1.888.ENTERGY (368.3749).

INVESTOR RELATIONS

Security analysts, portfolio managers, and other members of the financial community may contact:

Michele Lopiccolo

Vice President, Investor Relations

Telephone: 504.576.4879

E–mail: mlopicc@entergy.com

SHAREHOLDER ACCOUNT INFORMATION

Mellon Investor Services, LLC is Entergy’s transfer agent, registrar, dividend disbursing agent, and dividend reinvestment and stock purchase plan agent. Shareholders of record with questions about lost certificates, lost or missing dividend checks or notifications of change of address should contact:

Mellon Investor Services

480 Washington Boulevard

Jersey City, NJ 07310

Telephone: 1.800.333.4368

Internet address: www.bnymellon.com/shareowner/isd

CORPORATE GOVERNANCE

Entergy’s Corporate Governance Guidelines, Board Committee Charters for the Corporate Governance, Audit, and Personnel Committees, and Entergy’s Code of Conduct may be accessed electronically be selecting the investor information page on Entergy’s corporate Web site at entergy.com.

ADDITIONAL INFORMATION

For copies of the above Corporate Governance documents, Entergy’s 10-K and 10-Q reports filed with the Securities and Exchange Commission, or for other investor information, call 1.888.ENTERGY or write to:

Entergy Corporation

Investor Relations

P.O. Box 61000

New Orleans, LA 70161

COMMON STOCK INFORMATION

The company’s common stock is listed on the New York and Chicago exchanges under the symbol “ETR” (CUSIP 29364G10). The Entergy share price is reported daily in the financial press under “Entergy” in most listings of New York Stock Exchange securities. Entergy common stock is a component of the following indices: S&P 500, S&P Utilities Index, Philadelphia Utility Index and the NYSE Composite Index, among others.

In May 2007, Entergy’s Chief Executive Officer certified to the New York Stock Exchange that he was not aware of any violation of the NYSE corporate governance listing standards. Also, Entergy filed certifications regarding the quality of the company’s public disclosure, required by Section 302 of the Sarbanes-Oxley Act of 2002, as exhibits to its Report on Form 10-K for the fiscal year ended December 31, 2007.

At year-end 2007 there were 193,120,240 shares of Entergy common stock outstanding. Shareholders of record totaled 44,568, and approximately 84,000 investors held Entergy stock in “street name” through a broker.

ENTERGY COMMON STOCK PRICES

The high and low trading prices for each quarterly period in 2007 and 2006 were as follows (in dollars):

	2007		2006
Quarter	High	Low	High	Low
1	106.13	89.60	72.97	67.97
2	120.47	104.00	72.97	66.78
3	111.95	91.94	80.00	70.80
4	125.00	108.21	94.03	78.38

DIVIDEND PAYMENTS

The Board of Directors declares dividends quarterly and sets the record and payment dates. Subject to Board discretion, those dates for 2008 are:

Declaration Date	Record Date	Payment Date
January 25	February 8	March 3
April 7	May 9	June 2
July 25	August 8	September 2
October 31	November 12	December 1

Quarterly dividend payments (in cents-per-share):

Quarter	2008	2007	2006	2005	2004
1	75	54	54	54	45
2	75	54	54	54	45
3		75	54	54	45
4		75	54	54	54

PREFERRED STOCK DIVIDEND PAYMENTS

The board of directors for each preferred stock issuer declares preferred dividends quarterly and sets the record and payment dates. Subject to their discretion, those dates for 2008 are:

Operating Companies	Record Date	Payment Date
Entergy Arkansas, Inc.	3/25/08	4/1/08
	6/9/08	7/1/08
	9/8/08	10/1/08
	12/8/08	1/2/09
Entergy Gulf States Louisiana, L.L.C.	3/3/08	3/17/08
	5/19/08	6/16/08
	8/18/08	9/15/08
	11/17/08	12/15/08
Entergy Louisiana, LLC	3/3/08	3/17/08
	5/19/08	6/16/08
	8/18/08	9/15/08
	11/17/08	12/15/08
Entergy Mississippi, Inc.	2/21/08	2/1/08
	4/14/08	5/1/08
	7/7/08	8/1/08
	10/6/08	11/3/08
Entergy New Orleans, Inc.	3/25/08	4/1/08
	6/9/08	7/1/08
	9/8/08	10/1/08
	12/8/08	1/2/09

74

Entergy Corporation

Post Office Box 61000

New Orleans, LA 70161

entergy.com