UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION

Washington, D. C.


. . . . . . . . . . . . . . . . . . . . . . . . . .
                                                  .
In the Matter of                                  .
                                                  .
ENTERGY ARKANSAS, INC.                            .
ENTERGY LOUISIANA, INC.                           .
ENTERGY MISSISSIPPI, INC.                         .
ENTERGY NEW ORLEANS, INC.                         .
                                                  .
File No. 70-5015                                  .
________________                                      CERTIFICATE
                                                      PURSUANT TO
In the Matter of                                      RULE 24
                                                  .
SYSTEM FUELS, INC.                                .
SYSTEM ENERGY RESOURCES, INC.                     .
ENTERGY ARKANSAS, INC.                            .
ENTERGY LOUISIANA, INC.                           .
ENTERGY MISSISSIPPI, INC.                         .
ENTERGY NEW ORLEANS, INC.                         .
                                                  .
File No. 70-5889                                  .
________________                                  .
                                                  .
                                                  .
(Public Utility Holding Company Act of 1935)      .
. . . . . . . . . . . . . . . . . . . . . . . . . .

The certificate submitted in this proceeding on July 29, 2005 is hereby amended and restated in its entirely to read as follows:

Pursuant to Rule 24 promulgated by the Securities and Exchange Commission (SEC) under the Public Utility Holding Company Act of 1935, modified by request in the application(s) - declaration(s) referenced above, this is to certify that the following transactions were carried out and borrowings made, during the second quarter ended June 30, 2005 pursuant to System Fuels, Inc.'s (SFI) function as a supplier of fuel for the Entergy Corporation Operating Companies (System) in accordance with the terms and conditions of and for the purposes represented in the application(s) - declaration(s), as amended, and pursuant to the Orders of the SEC, dated December 17, 1971 in File No. 70-5015 and April 28, 1978 in File No. 70-5889.

Expenditures for SFI's fuel program for 2005 during the 2nd quarter are indicated below:

 

Net Expenditures
(In Thousands)

 

2nd Quarter

Year-To-Date

2005 Fuel Supply Program:

   

1. Gas and Oil Development
     and Production

$      0 

$      0 

2. Nuclear Fuel Procurement

33,608 

27,598 

3. Fuel Oil Program

 (11,726)

 (11,193)

     

TOTAL EXPENDITURES

  21,882 

  16,405 

     

Less funds derived through

   

  Amortization & depreciation

   

  Charges

   

Amortization of Gas & Oil

   

  Development & Production Costs

Depreciation & Other

  Amortization

        0 

        0 

     

TOTAL depreciation & amortization

        0 

        0 

     

Net Expenditures

21,882 

16,405 

     

(Increase) decrease in:

   

  Outside financing

   

  System Money Pool borrowings

   9,246 

(46,956)

     

TOTAL (increase)decrease

   

  in borrowings

   9,246 

(46,956)

     

Increase (decrease) in working

   

  Capital

$(31,128)

$ 30,551 

     

1. Gas and Oil Development and

   

     Production

   
 

Net Expenditures
(In Thousands)

 

2nd Quarter

Year-To-Date

Gas and Oil Development

   

   and Production

$      0  

$      0 

     

Effective July 1, 1996, SFI sold its interest in the properties associated with its Gas and Oil Development and Production Program (the program).

As of September 30, 2003, there are no remaining proceeds at SFI for the continuing shutdown activities.

Calculation of the net expenditures (proceeds) from the continuing shutdown activities of the Program, is:

 

Net Expenditures
(In Thousands)

 

2nd Quarter

Year-To-Date

Sales to non-System parties:

   

  Natural gas

$     0 

$     0 

  Condensate

  Crude oil

      0 

      0 

     

TOTAL

Miscellaneous income (including

   

  sale of assets)

      0 

      0 

TOTAL

     

General and administrative

   

  Expense

Operating expense

Interest expense

Amortization adjustment

      0 

      0 

     

Net proceeds

$     0 

$     0 

     
     

2. Nuclear Fuel Procurement

   

 
 

Net Expenditures
(In Thousands)

 

2nd Quarter

Year-To-Date

Nuclear Fuel Procurement

$(9,819)

$(15,829)

     
     
 

Net Expenditures
(In Thousands)

 

2nd Quarter

Year-To-Date

Activities during the period:

   

  Expenditures for nuclear

   

    Materials and processing

   

    Services

$11,695 

$ 45,661 

  General and administrative

   

    Expense

80 

226 

  Interest expense

     153 

     322 

     

TOTAL

  11,928 

  46,209 

Sales of nuclear materials and

   

  Processing services to

  System companies

  21,747 

  62,038 

     

Net effect on inventory

$ (9,819)

$ (15,829)

 

 

3. Fuel Oil Program

   

 
 

Net Expenditures
(In Thousands)

 

2nd Quarter

Year-To-Date

Fuel Oil Inventory

$(11,726)

$(11,194)

     

a) Fuel Oil Inventory:

   
 

Barrels

Book Value

Inventory as of:

(In Thousands)

     
     

June 30, 2005

1,576

50,087

March 31, 2005

2,065

61,814

December 31, 2004

1,936

61,281

September 30, 2004

2,015

61,002

June 30, 2004

2,177

65,154

     
     
 

During 2nd Quarter

 
 

Barrels

Value

Sales price per barrel

   

to System companies

   

Excluding period cost:

   

#2 Fuel Oil

36,571

46.70

#6 Fuel Oil

898,602 

29.69

     
     
     
     
     

 

4. Other Items:

a) As of June 30, 2005, SFI's outstanding debt and Parent Companies investment consisted of:

Parent Companies:

In Thousands

  Common Stock

$    20         

  Notes payable

 34,000         

     TOTAL

34,020         

System Money Pool

46,956         

Banks

       0         

   

TOTAL

$80,976

   

b) As of January 1, 1987, SFI's employees were transferred to Entergy Services, Inc. (Entergy Services). Entergy Services bills SFI for labor associated with the operation of continuing activities for SFI and other services provided to SFI (financial, legal, administrative, and other activities). For the 2nd quarter of 2005, SFI was billed by Entergy Services for the following amounts:

 


April


May


June

Total
2nd Qtr

Cost of service charged

       

to Service Requests

       

established to track

       

cost of functions

       

previously performed by

       

SFI personnel:

       
         

Direct Cost:

       

  Labor and related

       

    Cost

$ 9,173

$ 4,186

$ 8,500

$ 21,859

  Other direct cost

2,272

1,347

4,491

8,110

Indirect Cost

  2,070

    968

  3,625

   6,663

TOTAL

 13,515

  6,501

 16,616

  36,632

         

Cost of services charged

to Service Requests not

       

Related to transfer of

       

SFI personnel:

 61,125

  94,319

  88,676

 244,120

       

Total cost of services

       

performed by Entergy

       

Services

$74,640

$100,820

$105,292

$280,752

         

Amounts billed to

       

Operating Companies for

       

The Fuel Oil Program*

$59,443

$67,046

$84,540

$211,029

         

Charged to Nuclear Fuel

       

Procurement

 15,197

  33,774

  20,752

  69,723

         

TOTAL

$74,640

$100,820

$105,292

$280,752

         

* Charged to the Fuel Oil Program as a component of period costs. Effective January 1, 1998, Fuel Oil Program period costs are recorded by plant, to the extent possible, and direct billed to the operating company that owns the facility where incurred. Costs which cannot be directly associated with a facility or an operating company, continue to be allocated as before. For the 2nd quarter of 2005, such Fuel Oil Program period costs were allocated 9.77% to ENTERGY ARKANSAS, INC., 50.43% to ENTERGY LOUISIANA, INC., 28.12% to ENTERGY MISSISSIPPI, INC., and 11.68% to ENTERGY NEW ORLEANS, INC.

c) As previously reported, the System's fuels planning and procurement administration was reorganized during 1988, redefining the fuels management roles and placing the responsibility for most fuel procurement decisions with Entergy Corporation System Executives.

SFI, utilizing Entergy Services personnel, continues to be responsible for gas and oil production shut down, financing nuclear fuel inventory and fuel oil inventory and facilities, and accounting functions related to these continuing activities.

IN WITNESS WHEREOF, SFI has caused this certificate to be executed as of the 31st of January 2006.

ENTERGY ARKANSAS, INC.
ENTERGY LOUISIANA, INC.
ENTERGY MISSISSIPPI, INC.
ENTERGY NEW ORLEANS, INC.
SYSTEM ENERGY RESOURCES, INC.

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

 

 

SYSTEM FUELS, INC.

BY: /s/ Steven C. McNeal___
Steven C. McNeal
Vice President
and Treasurer