UNITED STATES

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549





FORM U-9C-3


QUARTERLY REPORT PURSUANT TO RULE 58

For the Quarterly Period Ended March 31, 2004


 

ENTERGY CORPORATION
(a Delaware corporation)
639 Loyola Avenue
New Orleans, Louisiana 70113
Telephone (504) 576-4000
__________________________________________________________________
(Name of registered holding company and address of principal executive offices)

 


ITEM 1 - ORGANIZATION CHART

Name of reporting company *


Energy or gas
related company


Date of
organization


State of organization

Percentage of voting
securities held


Nature of business

           

Entergy Holdings, LLC (EHLLC)

Energy related business

November 3, 1997

Delaware

100%

Holding company investing in miscellaneous energy related companies.

           

Entergy Thermal, LLC (Entergy Thermal)

Energy related business

January 28, 1999

Delaware

100%

Production, sale, and distribution of thermal energy products.

           

Entergy Power RS LLC

(EPRS)

Energy related business

February 25, 1999

Delaware

100%

Holding company investing in qualifying facilities.

           

RS Cogen, LLC (RS Cogen)

Energy related business

March 25, 1999

Louisiana

50%

Ownership and operation of qualifying facilities.

TLG Services, Inc. (TLG)

Energy related business

December 30, 1986

Connecticut

100%

Provide field services for the decommissioning of fossil and nuclear plants.

           

Entergy Solutions Ltd. (ESLTD)

Energy related business

August 30, 2000

Texas

100%

Provide competitive energy service and electric sales.

           

Entergy-Koch Trading, LP (EKTLP)

Energy related business

January 25, 2001

Delaware

50%

Energy marketing and brokering.

EWO GP LLC (EWOGP)

Energy related business

October 30, 2000

Delaware

100%

Holding company investing in energy commodity brokering and related services.

EWO Marketing, LP (EWOM)

Energy related business

October 30, 2000

Delaware

100%

Energy marketing and brokering.

Entergy Solutions Select Ltd. (ESOLS)

Energy related business

March 2, 2001

Texas

100%

Price-to-Beat retail electric provider.

ITEM 1 - ORGANIZATION CHART - Continued

Name of reporting company *


Energy or gas
related company


Date of
organization


State of organization

Percentage of voting
securities held



Nature of business

           

Entergy Solutions Essentials Ltd. (ESSEN)

Energy related business

June 4, 2001

Texas

100%

Provider of Last Resort retail electric provider.

Entergy Thermal-UNO, LLC

(Entergy Thermal-UNO)

Energy related business

July 16, 2001

Delaware

100%

Production, sale, and distribution of thermal energy products.

Entergy Nuclear PFS, Inc. (ENPFS)

Energy related business

February 15, 2002

Delaware

100%

Holding company for investment in Private Fuel Storage, LLC.

Private Fuel Storage LLC (Private Fuel Storage)

Energy related business

February 21, 2002

Delaware

9.9%

Development of a spent nuclear fuel storage facility.

Entergy Solutions Supply Ltd. (ESSLT)

Energy related business

August 30, 2000

Texas

100%

Provider of wholesale energy and energy supply acquisition services to retail electric providers.

Entergy Nuclear Environmental Services, LLC

(ENES)

Energy related business

December 10, 2002

Delaware

100%

Formed to provide environmental remediation services for nuclear facilities.

SOURCEONE, INC.

(SOURCEONE)

Energy related business

February 16, 2000

Delaware

Non-voting securities only

Energy management services and energy commodity marketing services.

EnerSea Transport, LLC

(EnerSea)

Energy related business

March 14, 2001

Texas

~ 1%

Compressed natural gas marine transportation and storage system.

ITEM 1 - ORGANIZATION CHART - Concluded

Name of reporting company *

Energy or gas
related company


Date of
organization


State of organization

Percentage of voting
securities held



Nature of business

Entergy Solutions District Energy, LLC

(ESDEL)

(new)

Energy related business

November 18, 2003 (Merged into Entergy Solutions District Cooling LP March 1, 2004)

Delaware

0%

Management/servicing of thermal energy and related facilities

Entergy Solutions District Cooling, LP

(ESDCL)

(new)**

Energy related business

December 19, 1997

Delaware

100%

Management/servicing of thermal energy and related facilities; production, sale, and distribution of thermal energy products.

Entergy Solutions District GP, LLC
(ESDGP)
(new)**

Energy related business

February 19, 1997

Delaware

100%

General partner of ESDCL.

* The system companies that directly or indirectly hold securities of each reporting company are set forth in Exhibit 1 to Entergy Corporation's Rule 24 Certificate for the three month period ended March 31, 2004, filed in File No. 70-9123.

** ESDCL and ESDGP were acquired from a non-affiliate on November 21, 2003 by Entergy's wholly owned subsidiary Entergy District Energy Holding LLC.

EHLLC Activities

During the quarterly period ended March 31, 2004, EHLLC acted as a holding company engaged in investment in energy related companies consistent with Rule 58.

Entergy Thermal Activities

During the quarterly period ended March 31, 2004, Entergy Thermal owned and operated a district cooling and heating system in New Orleans, Louisiana.

EPRS Activities

During the quarterly period ended March 31, 2004, EPRS engaged in the ownership of a 50% interest in RS Cogen.

RS Cogen Activities

During the quarterly period ended March 31, 2004, RS Cogen owned and operated a 425 MW cogeneration facility in Louisiana, constituting a QF under PURPA.

TLG Activities

During the quarterly period ended March 31, 2004, TLG provided cost estimates and field services for the decommissioning of fossil and nuclear plants as well as technical expertise related to environmental testing and remediation.

ESLTD Activities

During the quarterly period ended March 31, 2004, ESLTD engaged in the sale of electricity to retail customers in the ERCOT region of Texas.

EKTLP Activities

During the quarterly period ended March 31, 2004, EKTLP engaged in the business of brokering and marketing of energy commodities, including but not limited to electricity, natural or manufactured gas, and other combustible fuels. These services were provided to electric utilities, power marketers, electric and municipal cooperatives, and various other customers.

EWOGP Activities

During the quarterly period ended March 31, 2004, EWOGP acted as a holding company for investing in energy commodity brokering and related services.

EWOM Activities

During the quarterly period ended March 31, 2004, EWOM engaged in the business of marketing the power produced by electric generation assets of affiliates and third-party customers as well as fulfilling the electric energy needs of third-party customers under long-term contracts. The third-party customers are principally electric utilities and municipal cooperatives.

ESOLS Activities

During the quarterly period ended March 31, 2004, ESOLS was in its formative stage and in the future intends to engage in providing price-to-beat energy service and electric sales.

ESSEN Activities

During the quarterly period ended March 31, 2004, ESSEN was in its formative stage and in the future intends to engage in providing energy service and electric sales as the provider of last resort.

Entergy Thermal-UNO Activities

During the quarterly period ended March 31, 2004, Entergy Thermal-UNO was in its formative state and in the future intends to engage in the production, sale, and distribution of thermal energy products at the University of New Orleans.

ENPFS Activities

During the quarterly period ended March 31, 2004, ENPFS acted as a holding company for Entergy's 12.9% member interest in Private Fuel Storage (including a 9.9% Class A member interest with voting rights).

Private Fuel Storage Activities

During the quarterly period ended March 31, 2004, Private Fuel Storage continued efforts relating to obtaining a Nuclear Regulatory Commission license for a proposed spent nuclear fuel storage facility.

ESSLT Activities

During the quarterly period ended March 31, 2004, ESSLT engaged in the purchasing of power on the ERCOT imbalance market for its Texas customers.

ENES Activities

During the quarterly period ended March 31, 2004, ENES was in its formative stage and in the future intends to provide environmental remediation services for nuclear facilities.

SOURCEONE Activities

During the quarterly period ended March 31, 2004, SOURCEONE provided energy management services and energy commodity marketing services.

EnerSea Activities

During the quarterly period ended March 31, 2004, EnerSea marketed a compressed natural gas marine transportation and storage system called VOTRANS (Volume-Optimized Transport System). VOTRANS is an ocean-going gas delivery service system comprised of large diameter pipes contained within insulated structures integrated onto specially designed and constructed ships.

ESDEL Activities

During the quarterly period ended March 31, 2004, ESDEL managed, operated, and serviced thermal energy and related systems. On March 1, 2004, ESDEL merged with ESDCL and was dissolved.

ESDCL Activities

During the quarterly period ended March 31, 2004, ESDCL owned and operated a district cooling system. On March 1, 2004, ESDEL merged with ESDCL and ESDCL also became a manager, operator, and maintenance service provider for thermal energy and related systems.

ESDGP Activities

During the quarterly period ended March 31, 2001, ESDGP was the general partner of ESDCL.

 

ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS



Company issuing security


Type of security issued


Principal amount of security



Issue or renewal



Cost of
capital

Person to whom security was issued


Collateral given with security


Consideration received for each security

N/A

N/A

-0-

N/A

-0-

N/A

N/A

-0-

Company contributing capital

Company receiving capital

Amount of capital contribution

Entergy Retail Holding Company
(ERHC)

ESLTD

$ 12,870,000

     

ERHC

ESSLT

$ 2,970,000

     

Entergy Retail Texas, Inc.
(ERTI)

ESLTD

$ 130,000

     

Entergy Solutions District Systems LLC (ESDSL)

ESDCL

$ 1,847,308

     

ESDSL

ESDGP

$ 9,283

     

ESDGP

ESDCL

$ 9,283

     

Entergy Corporation (ETR)

EHLLC

$ 100,000

     
     

ITEM 3 - ASSOCIATE TRANSACTIONS

Part I - Transactions Performed by Reporting Companies on Behalf of Associate Companies

Reporting company rendering services

Associate company receiving services


Types of services rendered



Direct costs charged


Indirect costs charged



Cost of
capital



Total amount billed

             

EPRS

RS Cogen

Management, administrative, tax, and accounting services

$ 45,700

$ -0-

N/A

$ 45,7001

             

EKTLP

EWOM

Energy commodity marketing services

$ 569,015

$ -0-

N/A

$ 569,015

             

EKTLP

EWOM

Professional services and back office support

$ 203,128

$ -0-

N/A

$ 203,128

             

ESSLT

ESLTD

Energy supply acquisition services

$ 1,300,437

$ -0-

N/A

$ 1,300,437

             

EKTLP

Entergy-Koch Trading Ltd. (UK)

Same as above

$ 35,122

$ -0-

N/A

$ 35,122

             

EKTLP

Entergy-Koch Trading Ltd. (Canada)

Energy commodity marketing services

$ 23,129

$ -0-

N/A

$ 23,129

             

EKTLP

Entergy-Koch Trading Ltd. (Canada)

Professional services and back office support

$ 127,369

$ -0-

N/A

$ 127,369

             

EWOM

Entergy Power, Inc.

Energy commodity marketing services

$ 203,137

$ -0-

N/A

$ 203,137

             

Part I - Transactions Performed by Reporting Companies on Behalf of Associate Companies-Continued

Reporting company rendering services

Associate company receiving services


Types of services rendered



Direct costs charged


Indirect costs charged



Cost of
capital


Total amount billed

             

EWOM

Entergy Power Warren Corp. I

Energy commodity marketing services

$ 203,137

$ -0-

N/A

$ 203,137

             


Part II - Transactions Performed by Associate Companies on Behalf of Reporting Companies

Associate company rendering services

Reporting company receiving services


Types of
services rendered



Direct costs charged


Indirect costs charged



Cost of capital



Total amount billed

 

 

 

 

 

 

 

Entergy Enterprises, Inc.

(EEI)

EWOM

Professional services and back office support

$ 238,729

$ -0-

N/A

$ 238,729

 

 

 

 

 

 

 

EEI

EKTLP

Same as above

$ 99,816

$ -0-

N/A

$ 99,816

 

 

 

 

 

 

 

EEI

EHLLC

Same as above

$ 17,030

$ -0-

N/A

$ 17,030

 

 

 

 

 

 

 

EEI

Entergy Thermal

Same as above

$ 331,661

$ -0-

N/A

$ 331,661

 

 

 

 

 

 

 

EEI

ESLTD

Same as above

$ 1,080,312

$ -0-

N/A

$1,080,312

 

 

 

 

 

 

 

EEI

ESOLS

Same as above

$ 84,151

$ -0-

N/A

$ 84,151

 

 

 

 

 

 

 

EEI

TLG

Same as above

$ 140,438

$ -0-

N/A

$ 140,438

 

 

 

 

 

 

 

EEI

ESSLT

Same as above

$ 6,098

$ -0-

N/A

$ 6,098

 

 

 

 

 

 

 

EEI

ESDEL

Same as above

$ (42,181)

$ -0-

N/A

$(42,181)

 

 

 

 

 

 

 

EEI

ESDCL

Same as above

$ 81,234

$ -0-

N/A

$ 81,234

 

 

 

 

 

 

 

EEI

EPRS

Same as above

$ 136,430

$ -0-

N/A

$ 136,430

 

 

 

 

 

 

 

Part II - Transactions Performed by Associate Companies on Behalf of Reporting Companies-Continued

Associate company rendering services

Reporting company receiving services


Types of
services rendered



Direct costs charged


Indirect costs charged



Cost of capital



Total amount billed

 

 

 

 

 

 

 

Entergy Solutions Management Services LLC (ESLMS)

ESLTD

Same as above

$ 2,508,426

$0-

N/A

$ 2,508,426

 

 

 

 

 

 

 

ESLMS

ESOLS

Same as above

$ (854)

$0-

N/A

$ (854)

 

 

 

 

 

 

 

Entergy-Koch LP

EKTLP

Same as above

$ 1,763,394

$0-

N/A

$ 1,763,394

 

 

 

 

 

 

ENI

TLG

O&M Services relating to decommissioning of nuclear electric generating facilities

$ 79,695

$0-

N/A

$ 79,695

Entergy Nuclear Operations, Inc.

TLG

Same as above

$ 218,572

$ -0-

N/A

$ 218,572

 

 

 

 

 

 

 

 

ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT

 

 

 

Investments in energy-related companies:

 

 

   Total consolidated capitalization as of March 31, 2004

$17,505,123,000

Line 1

   Total capitalization multiplied by 15% (line 1 multiplied by 0.15)

2,625,768,450

Line 2

   Greater of $50 million or line 2

2,625,768,450

Line 3

 

 

 

   Total current aggregate investment:

 

 

       Energy management services (SOURCEONE)

996,084

 

       Energy marketing and brokering (ESLTD, EKTLP, EWOGP,
          EWOM, ESOLS, ESSEN, and ESSLT)

569,816,685

 

       Energy related technical and similar services (EHLLC, Entergy
          Thermal, Entergy Thermal - UNO, TLG, ENES, ESDEL,
          ESDCL, and ESDGP)

82,669,236

 

       Development and ownership of QFs (EPRS and RS Cogen)

195,828,697

 

       Ownership, operation, and servicing of fuel procurement,
            transportation, handling, and storage facilities (ENPFS, Private
           Fuel Storage, and EnerSea)

878,000

 

                     Total current aggregate investment

850,188,702

Line 4

 

 

 

Difference between the greater of $50 million or 15% of capitalization and the total aggregate investment of the registered holding company system (line 3 less line 4)

 

$1,775,579,748

 

Line 5

ITEM 5 - OTHER INVESTMENTS

Major line of energy-related business

Other investment in last U-9C-3 report

Other investment in this U-9C-3 report

Reason for difference in other investment

 

 

 

 

N/A

-0-

-0-

N/A

 

ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS

  1. Financial Statements

Filed under confidential treatment pursuant to Rule 104(b).

B. Exhibits

    1. Certificate of filing of Form U-9C-3 for the 4th Quarter of 2003 with interested state commissions and municipal regulator.

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Entergy Corporation

 

 

 

By:                 /s/ Nathan E. Langston

 

                        Nathan E. Langston
Senior Vice President and Chief Accounting Officer

 

 

 

 

Dated: May 28, 2004