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Exhibit 12(f) |
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| Entergy New Orleans, Inc. | |||||
| Computation of Ratios of Earnings to Fixed Charges and | |||||
| Ratios of Earnings to Combined Fixed Charges and Preferred Dividends | |||||
| 2001 | 2002 | 2003 | 2004 | 2005 | |
| Fixed charges, as defined: | |||||
| Total Interest | $19,661 | $27,950 | $17,786 | $16,610 | $13,555 |
| Interest applicable to rentals | 977 | 1,043 | 910 | 644 | 426 |
| Total fixed charges, as defined | 20,638 | 28,993 | 18,696 | 17,254 | 13,981 |
| Preferred dividends, as defined (a) | 2,898 | 2,736 | 1,686 | 1,545 | 1,172 |
| Combined fixed charges and preferred dividends, as defined | $23,536 | $31,729 | $20,382 | $18,799 | $15,153 |
| Earnings as defined: | |||||
| Net Income | ($2,195) | ($230) | $7,859 | $28,072 | $1,250 |
| Add: | |||||
| Provision for income taxes: | |||||
| Total | (4,396) | (422) | 5,875 | 16,868 | 1,790 |
| Fixed charges as above | 20,638 | 28,993 | 18,696 | 17,254 | 13,981 |
| Total earnings, as defined | $14,047 | $28,341 | $32,430 | $62,194 | $17,021 |
| Ratio of earnings to fixed charges, as defined | 0.68 | 0.98 | 1.73 | 3.60 | 1.22 |
| Ratio of earnings to combined fixed charges and | |||||
| preferred dividends, as defined | 0.60 | 0.89 | 1.59 | 3.31 | 1.12 |
| ------------------------ | |||||
| (a) "Preferred dividends," as defined by SEC regulation S-K, are computed by dividing the preferred dividend requirement by one hundred percent (100%) minus the income tax rate. | |||||
| (b) For Entergy New Orleans, earnings for the twelve months ended December 31, 2001 were not adequate to cover fixed charges and combined fixed charges and preferred dividends by $6.6 million and $9.5 million, respectively. | |||||
| (c) For Entergy New Orleans, earnings for the twelve months ended December 31, 2002 were not adequate to cover combined fixed charges and preferred dividends by $0.7 million and $3.4 million, respectively. | |||||