EX-12.E 8 exhibit12eq2.htm EXHIBIT

Exhibit 12(e) |
Entergy New Orleans, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014
Fixed charges, as defined: |  |  |  |  |  |
Total Interest | $ | 16,965 |  | $ | 13,170 |  | $ | 11,114 |  | $ | 11,344 |  | $ | 13,675 |  | $ | 13,689 |
Interest applicable to rentals | 593 |  | 751 |  | 743 |  | 670 |  | 564 |  | 558 |
Total fixed charges, as defined | 17,558 |  | 13,921 |  | 11,857 |  | 12,014 |  | 14,239 |  | 14,247 |
Preferred dividends, as defined (a) | 1,454 |  | 1,177 |  | 1,569 |  | 1,569 |  | 1,569 |  | 1,569 |
Combined fixed charges and preferred dividends, as defined | $ | 19,012 |  | $ | 15,098 |  | $ | 13,426 |  | $ | 13,583 |  | $ | 15,808 |  | $ | 15,816 |
Earnings as defined: |  |  |  |  |  |
Net Income | $ | 30,479 |  | $ | 31,114 |  | $ | 35,976 |  | $ | 17,065 |  | $ | 11,683 |  | $ | 24,446 |
Add: |  |  |  |  |  |
Provision for income taxes: |  |  |  |  |  |
Total | 15,346 |  | 16,601 |  | 15,862 |  | 7,240 |  | 1,619 |  | 9,320 |
Fixed charges as above | 17,558 |  | 13,921 |  | 11,857 |  | 12,014 |  | 14,239 |  | 14,247 |
Total earnings, as defined | $ | 63,383 |  | $ | 61,636 |  | $ | 63,695 |  | $ | 36,319 |  | $ | 27,541 |  | $ | 48,013 |
Ratio of earnings to fixed charges, as defined (b) | 3.61 |  | 4.43 |  | 5.37 |  | 3.02 |  | 1.93 |  | 3.37 |
Ratio of earnings to combined fixed charges and |  |  |  |  |  |
preferred dividends, as defined | 3.33 |  | 4.08 |  | 4.74 |  | 2.67 |  | 1.74 |  | 3.04 |
_________________ |  |  |  |  |  |
(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.