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ENTERGY CORPORATION REPORTS THIRD QUARTER EARNINGS

 ENTERGY CORPORATION REPORTS THIRD QUARTER EARNINGS
 NEW ORLEANS, Nov. 12 /PRNewswire/ -- Entergy Corporation (NYSE: ETR)


today reported third quarter 1992 consolidated net income of $204.6 million, which is on a par with last year's $203.4 million.
 Earnings per share were $1.16, up from $1.12 a year ago due to a 3.2 percent reduction in the average number of shares outstanding.
 Net income, while benefiting from the company's aggressive cost control efforts, was adversely affected by lower sales due to weather.
 Reductions of nearly $3 million in non-fuel operation and maintenance expenses, as well as a more than $5 million reduction in net interest expense were achieved during the quarter.
 Sales to residential and commercial customers declined due to extremely mild temperatures during the latter part of the quarter. In addition, sales to all customers were down because of Hurricane Andrew, which struck Entergy's service area on Aug. 26, disrupting service to many customers.
 Net income would have been approximately $17 million higher, if weather had been normal, and nearly $24 million higher if weather had been similar to that experienced in last year's third quarter. About $3 million of the net income impact of lower sales is attributed to the hurricane.
 Damage to the Entergy System from Hurricane Andrew is estimated at $9 million. Most storm damage expenditures are covered by storm damage reserves or by property insurance, or will be capitalized and depreciated over a period of years. Therefore, reconstruction costs will not have a material effect on 1992 earnings.
 SUMMARY OF OPERATING RESULTS
 (Unaudited)
 (In thousands, except per share amounts)
 3 mos. ended Sept. 30 1992 1991 Pct. chg.
 Total operating revenues $1,237,894 $1,255,114 (1.4)
 Total operating expenses $ 897,533 $ 905,970 (0.9)
 Non-fuel operation &
 maintenance expenses $ 296,557 $ 299,346 (0.9)
 Rate deferrals:
 Current deferrals $ (7,687) $ (14,800) 48.1
 Collecton of previous
 deferrals $ 35,630 $ 41,682 (14.5)
 Net $ 27,943 $ 26,882 3.9
 Interest income $ 4,332 $ 15,449 (72.0)
 Interest expense $ 138,266 $ 154,794 (10.7)
 Consolidated net income $ 204,578 $ 203,355 0.6
 Earnings per common share on
 consolidated net income $ 1.16 $ 1.12 3.6
 Average number of shares
 outstanding 176,151 181,977 (3.2)
 Electric Energy sales:
 (millions of KWH)
 Residential 6,043 6,363 (5.0)
 Commercial 3,870 3,974 (2.6)
 Industrial 6,044 6,252 (3.3)
 Governmental 511 525 (2.7)
 Total sales to retail 16,468 17,114 (3.8)
 Sales for resale 2,570 2,585 (0.6)
 Total sales 19,038 19,699 (3.4)
 9 mos. ended Sept. 30 1992 1991 Pct. chg.
 Total operating revenues $3,112,482 $3,129,456 (0.5)
 Total operating expenses $2,340,301 $2,319,982 0.9
 Non-fuel operation &
 maintenance expenses $ 837,312 $ 854,500 (2.0)
 Rate deferrals
 Current deferrals $ (23,470) $ (49,313) (52.4)
 Collecton of previous
 deferrals $ 103,582 $ 96,857 6.9
 Net $ 80,112 $ 47,544 68.5
 Interest income $ 17,857 $ 48,067 (62.8)
 Interest expense $ 421,484 $ 472,625 (10.8)
 Consolidated net income $ 381,957 $ 370,740 3.0
 Earnings per common share on
 consolidated net income $ 2.16 $ 2.02 6.9
 Average number of shares
 outstanding 177,056 183,514 (3.5)
 Electric Energy sales:
 (millions of KWH)
 Residential 13,738 14,403 (4.6)
 Commercial 9,803 10,078 (2.7)
 Industrial 17,480 17,480 ---
 Governmental 1,390 1,444 (3.7)
 Total sales to retail 42,411 43,405 (2.3)
 Sales for resale 6,282 5,600 12.2
 Total sales 48,693 49,005 (0.6)
 12 mos. ended Sept. 30 1992 1991 Pct. chg.
 Total operating revenues $4,034,456 $4,055,564 (0.5)
 Total operating expenses $3,004,719 $3,022,711 (0.6)
 Non-fuel operation &
 maintenance expenses $1,162,080 $1,160,503 0.1
 Rate deferrals:
 Current deferrals $ (120,838) $ (74,086) 63.1
 Collecton of previous
 deferrals $ 140,563 $ 122,603 14.6
 Net $ 19,725 $ 48,517 (59.3)
 Interest income $ 32,136 $ 70,847 (54.6)
 Interest expense $ 575,902 $ 630,637 (8.7)
 Consolidated net income $ 493,249 $ 441,419 11.7
 Earnings per common share on
 consolidated net income $ 2.77 $ 2.40 15.4
 Average number of shares
 outstanding 177,833 184,120 (3.4)
 Electric Energy sales:
 (millions of KWH)
 Residential 17,663 18,258 (3.3)
 Commercial 12,889 13,168 (2.1)
 Industrial 23,466 23,241 1.0
 Governmental 1,849 1,874 (1.3)
 Total sales to retail 55,867 56,541 (1.2)
 Sales for resale 8,029 7,001 14.7
 Total sales 63,896 63,542 0.6
 SELECTED CONSOLIDATED BALANCE SHEET ITEMS
 (unaudited)
 (in 000s)
 9/30/92 12/31/91
 Total common shareholders' equity $4,295,883 $4,207,871
 Subsidiaries' Preferred stock $ 703,804 $ 690,290
 Long-term debt $5,313,267 $5,513,714
 Common shares outstanding at
 end of period 175,137 178,809
 -0- 11/12/92
 /CONTACT: Media: Kirk Carney, 504-569-4156, or Investors: Richard Strawn, 504-569-4360, both of Entergy/
 (ETR) CO: Entergy Corporation ST: Louisiana IN: OIL SU: ERN


EA-BR -- AT008 -- 0145 11/12/92 11:35 EST
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