EX-12.D 7 exhibit12dq118.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 |  | Three Months Ended
| December 31, |  | March 31,
| 2013 | 2014 | 2015 | 2016 | 2017 |  | 2018
Fixed charges, as defined: |  |  |  |  |  |  |
Total interest |  | $16,892 |  |  | $16,820 |  |  | $17,312 |  |  | $21,061 |  |  | $21,281 |  |  |  | $5,279 |
Interest applicable to rentals | 635 |  | 620 |  | 676 |  | 422 |  | 955 |  |  | 259 |
Total fixed charges, as defined | 17,527 |  | 17,440 |  | 17,988 |  | 21,483 |  | 22,236 |  |  | 5,538 |
Preferred dividends, as defined (a) | 1,569 |  | 1,569 |  | 1,569 |  | 1,569 |  | 1,367 |  |  | — |
Combined fixed charges and preferred dividends, as defined |  | $19,096 |  |  | $19,009 |  |  | $19,557 |  |  | $23,052 |  |  | $23,603 |  |  |  | $5,538 |
Earnings as defined: |  |  |  |  |  |  |
Net income |  | $12,608 |  |  | $31,030 |  |  | $44,925 |  |  | $48,849 |  |  | $44,553 |  |  |  | $10,882 |
Add: |  |  |  |  |  |  |
Provision for income taxes: |  |  |  |  |  |  |
Total | 2,277 |  | 13,450 |  | 25,190 |  | 28,705 |  | 33,278 |  |  | 2,629 |
Fixed charges as above | 17,527 |  | 17,440 |  | 17,988 |  | 21,483 |  | 22,236 |  |  | 5,538 |
Total earnings, as defined |  | $32,412 |  |  | $61,920 |  |  | $88,103 |  |  | $99,037 |  |  | $100,067 |  |  |  | $19,049 |
Ratio of earnings to fixed charges, as defined | 1.85 |  | 3.55 |  | 4.90 |  | 4.61 |  | 4.50 |  |  | 3.44 |
Ratio of earnings to combined fixed charges and preferred dividends, as defined | 1.70 |  | 3.26 |  | 4.50 |  | 4.30 |  | 4.24 |  |  | 3.44 |
_________________ |  |  |  |  |  |  |
(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.