EX-12.(D) 10 exhibit12dq116.htm EXHIBIT 12.(D)

Exhibit 12(d) |
Entergy New Orleans, Inc.
Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
| Twelve Months Ended
| December 31, | March 31,
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016
Fixed charges, as defined: |  |  |  |  |  |
Total Interest | $ | 13,598 |  | $ | 14,196 |  | $ | 16,892 |  | $ | 16,820 |  | $ | 17,312 |  | $ | 17,344 |
Interest applicable to rentals | 827 |  | 747 |  | 635 |  | 620 |  | 676 |  | 592 |
Total fixed charges, as defined | 14,425 |  | 14,943 |  | 17,527 |  | 17,440 |  | 17,988 |  | 17,936 |
Preferred dividends, as defined (a) | 1,569 |  | 1,569 |  | 1,569 |  | 1,569 |  | 1,569 |  | 1,569 |
Combined fixed charges and preferred dividends, as defined | $ | 15,994 |  | $ | 16,512 |  | $ | 19,096 |  | $ | 19,009 |  | $ | 19,557 |  | $ | 19,505 |
Earnings as defined: |  |  |  |  |  |
Net Income | $ | 37,149 |  | $ | 19,878 |  | $ | 12,608 |  | $ | 31,030 |  | $ | 44,925 |  | $ | 44,800 |
Add: |  |  |  |  |  |
Provision for income taxes: |  |  |  |  |  |
Total | 16,469 |  | 8,645 |  | 2,277 |  | 13,450 |  | 25,190 |  | 25,821 |
Fixed charges as above | 14,425 |  | 14,943 |  | 17,527 |  | 17,440 |  | 17,988 |  | 17,936 |
Total earnings, as defined | $ | 68,043 |  | $ | 43,466 |  | $ | 32,412 |  | $ | 61,920 |  | $ | 88,103 |  | $ | 88,557 |
Ratio of earnings to fixed charges, as defined (b) | 4.72 |  | 2.91 |  | 1.85 |  | 3.55 |  | 4.90 |  | 4.94 |
Ratio of earnings to combined fixed charges and |  |  |  |  |  |
preferred dividends, as defined | 4.25 |  | 2.63 |  | 1.70 |  | 3.26 |  | 4.50 |  | 4.54 |
_________________ |  |  |  |  |  |
(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.