<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>12
<FILENAME>a99f.txt
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                                                                Exhibit 99(f)

                   System Energy Resources, Inc.
     Computation of Ratios of Earnings to Fixed Charges and
                 Ratios of Earnings to Fixed Charges


                                                                                                 March 31,
                                                   1998      1999       2000     2001     2002     2003

<S>                                              <C>        <C>       <C>      <C>       <C>       <C>
Fixed charges, as defined:
  Total Interest                                 $116,060   $147,982  $118,519 $138,018  $76,639   $76,021
  Interest applicable to rentals                    5,189      3,871     5,753    4,458    3,250     3,224
                                                 ---------------------------------------------------------

Total fixed charges, as defined                  $121,249   $151,853  $124,272 $142,476  $79,889   $79,245
                                                 =========================================================

Earnings as defined:
  Net Income                                     $106,476    $82,375   $93,745 $116,355 $103,352   100,359
  Add:
    Provision for income taxes:
      Total                                        77,263     53,851    81,263   43,761   76,177    76,401
    Fixed charges as above                        121,249    151,853   124,272  142,476   79,889    79,245
                                                 ---------------------------------------------------------

Total earnings, as defined                       $304,988   $288,079  $299,280 $302,592 $259,418  $256,005
                                                 =========================================================
Ratio of earnings to fixed charges, as defined       2.52       1.90      2.41     2.12     3.25      3.23
                                                 =========================================================

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