EX-12.(C) 9 exhibit12cq116.htm EXHIBIT 12.(C)

Exhibit 12(c) |
Entergy Mississippi, 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 | $ | 52,273 |  | $ | 57,345 |  | $ | 59,031 |  | $ | 57,002 |  | $ | 57,842 |  | $ | 58,338 |
Interest applicable to rentals | 1,731 |  | 1,637 |  | 1,148 |  | 1,498 |  | 1,765 |  | 1,384 |
Total fixed charges, as defined | 54,004 |  | 58,982 |  | 60,179 |  | 58,500 |  | 59,607 |  | 59,722 |
Preferred dividends, as defined (a) | 4,580 |  | 4,580 |  | 4,580 |  | 4,580 |  | 4,580 |  | 4,580 |
Combined fixed charges and preferred dividends, as defined | $ | 58,584 |  | $ | 63,562 |  | $ | 64,759 |  | $ | 63,080 |  | $ | 64,187 |  | $ | 64,302 |
Earnings as defined: |  |  |  |  |  |
Net Income | $ | 108,729 |  | $ | 46,768 |  | $ | 82,159 |  | $ | 74,821 |  | $ | 92,708 |  | $ | 84,891 |
Add: |  |  |  |  |  |
Provision for income taxes: |  |  |  |  |  |
Total income taxes | 28,801 |  | 58,679 |  | 49,757 |  | 55,710 |  | 61,872 |  | 56,882 |
Fixed charges as above | 54,004 |  | 58,982 |  | 60,179 |  | 58,500 |  | 59,607 |  | 59,722 |
Total earnings, as defined | $ | 191,534 |  | $ | 164,429 |  | $ | 192,095 |  | $ | 189,031 |  | $ | 214,187 |  | $ | 201,495 |
Ratio of earnings to fixed charges, as defined | 3.55 |  | 2.79 |  | 3.19 |  | 3.23 |  | 3.59 |  | 3.37 |
Ratio of earnings to combined fixed charges and |  |  |  |  |  |
preferred dividends, as defined | 3.27 |  | 2.59 |  | 2.97 |  | 3.00 |  | 3.34 |  | 3.13 |
_______________ |  |  |  |  |  |
(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.