UNITED STATES OF AMERICA

UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Application of Entergy Corp.
File No. 70-9049

CERTIFICATE PURSUANT TO
RULE 24 UNDER THE PUBLIC
UTILITY HOLDING COMPANY
ACT OF 1935

Pursuant to the requirements of Rule 24 under the Public Utility Holding Company Act of 1935, as amended ("PUHCA"), Entergy Corporation ("Entergy"), a registered holding company, hereby files this quarterly report as required by the Securities and Exchange Commission's order authorizing the use of proceeds of financing transactions for investment in Exempt Wholesale Generators and Foreign Utility Companies (together "Projects"). See HCAR 35-27184, June 13, 2000, File No. 70-9049 ("Order").

 

For the twelve months ended March 31, 2003, the following information is reported pursuant to the Order.

  1. A computation in accordance with Rule 53(a), as modified by the Order, of Entergy's aggregate investment in Projects:

    2. As of March 31, 2003, Entergy's "aggregate investment" (as defined in Rule 53(a)) in Projects was approximately $2.2 billion, or 56% of Entergy's "consolidated retained earnings" (as defined in Rule 53(a)) of approximately $3.9 billion.

     

  2. Entergy's aggregate investment in Projects as a percentage of the following:

As of March 31, 2003

Total capitalization

13.0%

Net utility plant

12.5%

Total consolidated assets

8.1%

Market value of common equity and retained earnings

20.4%

 

3) Consolidated capitalization ratios of Entergy as of the end of March 31, 2003, with consolidated debt including all short-term debt and non-recourse debt of the Projects:

In Thousands

%

Common shareholders' equity

$ 8,242,097

48.5

Preferred stock

571,414

3.3

Long-term and short-term debt

8,188,551

48.2

$17,002,062

100.0

 

  1. At March 31, 2003, Entergy's common stock market-to-book ratio was 132%.

The information concerning growth in retained earnings, net income and revenues of Entergy's Projects contained in paragraphs 5 and 6 is submitted pursuant to a request for confidential treatment under rule 104(b) of PUHCA.

In witness whereof, the undersigned company has caused this certificate to be executed on this 30th day of May 2003.

 

ENTERGY CORPORATION

By: /s/ Nathan E. Langston
Nathan E. Langston
Senior Vice President and Chief Accounting Officer