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 June 30, 2003







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.

Tradespark

Energy related business

-

Delaware

Non-voting securities only

Electronic commodity marketplace for North America wholesale transactions in energy-related physical and financial products.

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.

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

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) (new)

Energy related business

March 14, 2001

Texas

~ 1%

Compressed natural gas marine transportation and storage system

* 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 June 30, 2003, filed in File No. 70-9123.

EHLLC Activities

During the quarterly period ended June 30, 2003, 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 June 30, 2003, Entergy Thermal owned and operated a district cooling and heating system in New Orleans, Louisiana.

EPRS Activities

During the quarterly period ended June 30, 2003, EPRS engaged in the ownership of a 50% interest in RS Cogen.

RS Cogen Activities

During the quarterly period ended June 30, 2003, RS Cogen owned and operated a 425 MW cogeneration facility in Louisiana, constituting a QF under PURPA.

TLG Activities

During the quarterly period ended June 30, 2003, 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 June 30, 2003, ESLTD engaged in the purchasing of power on the ERCOT imbalance market for its Texas customers.

EKTLP Activities

During the quarterly period ended June 30, 2003, 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 June 30, 2003, EWOGP acted as a holding company for investing in energy commodity brokering and related services.

EWOM Activities

During the quarterly period ended June 30, 2003, 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 June 30, 2003, 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 June 30, 2003, 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 June 30, 2003, 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 June 30, 2003, 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 June 30, 2003, Private Fuel Storage continued efforts relating to obtaining a Nuclear Regulatory Commission license for a proposed spent nuclear fuel storage facility.

Tradespark Activities

During the quarterly period ended June 30, 2003, Tradespark operated as an electronic commodity marketplace for North America wholesale transactions in energy-related physical and financial products.

ESSLT Activities

During the quarterly period ended June 30, 2003, ESSLT provided energy supply acquisition services to retail electric providers.

ENES Activities

During the quarterly period ended June 30, 2003, ENES was in its formative stage and in the future intends to provide environmental remediation services for nuclear facilities.

SOURCEONE Activites

During the quarterly period ended June 30, 2003, SOURCEONE provided energy management services and energy commodity marketing services.

EnerSea Activities

During the quarterly period ended June 30, 2003, 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.

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

EnerSea

125,000 Membership Units

N/A

Issue

N/A

EKTLP

N/A

$2 per Membership Unit ($250,000 in the aggregate)

EnerSea

Warrant (to receive 150,000 Membership Units at $2 per unit)

N/A

Issue

N/A

EKTLP

N/A

N/A

EnerSea

Warrant (to receive 1,325,000 Membership Units at $3 per unit)

N/A

Issue

N/A

EKTLP

N/A

N/A

EWOM

Promissory Note pursuant to Credit Agreement

$5,000,000

Issue

Market rate margin plus 3-month LIBOR (currently 5.01%)

Entergy Corporation

N/A

$5,000,000

ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS - Continued

Company contributing capital

Company receiving capital

Amount of capital contribution
     

Entergy Retail Holding Company
(ERHC)

ESLTD

$ 2,574,000
     

ERHC

ESSLT

$ 4,895,600
     

Entergy Retail Texas, Inc.
(ERTI)

ESLTD

$ 26,000
     

ERTI

ESSLT

$ 49,450
     

Entergy PTB Holding Company

ESOLS

$ 8,660,672
     

Entergy Select LLC

ESOLS

$ 87,482
     

Entergy Corporation

EHLLC

$ 171,000
     

EWO Marketing Holding, LLC
(EWOMH)

EWOGP

$ 56,000
     

EWOGP

EWOM

$ 56,000
     

EWOMH

EWOM

$ 5,544,000

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

$ 70,6001

$ -0-

N/A

$ 70,6001
             

ESSLT

ESLTD

Energy supply acquisition services

$ 781,154

$ -0-

N/A

$ 781,054
             

ESSLT

ESOLS

Same as above

$ 1,481,333

$ -0-

N/A

$ 1,481,333

__________________________
1.  These services were provided on a basis other than "at cost," pursuant to the Commission's December 20, 2002 order (HCAR No. 27626).

 

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
             

EKTLP

EWOM

Energy commodity marketing services

$ 686,280

$ -0-

N/A

$ 686,280
           

 

EKTLP

EWOM

Professional services and back office support

$ 216,720

$ -0-

N/A

$ 216,720
             

EKTLP

Entergy-Koch Trading Ltd. (UK)

Same as above

$ 23,550

$ -0-

N/A

$ 23,550
             

EWOM

Entergy Power, Inc.

Energy commodity marketing services

$ 209,059

$ -0-

N/A

$ 209,059
             

EWOM

Entergy Power Warren Corp. I

Energy commodity marketing services

$ 209,059

$ -0-

N/A

$ 209,059
             

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

$ 179,511

$ -0-

N/A

$ 179,511
             

EEI

EHLLC

Same as above

$ 54,348

$ -0-

N/A

$ 54,348
             

EEI

Entergy Thermal

Same as above

$ 308,584

$ -0-

N/A

$ 308,584
             

EEI

ESOLS

Same as above

$ 224,397

$ -0-

N/A

$ 224,397

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
             

EEI

ESSEN

Same as above

$ 11,223

$ -0-

N/A

$ 11,223
             

EEI

ESSLT

Same as above

$ 61

$ -0-

N/A

$ 61
             

EEI

ESLTD

Same as above

$ 2,909,215

$ -0-

N/A

$ 2,909,215
             

EEI

TLG

Same as above

$ 193,781

$ -0-

N/A

$ 193,781
             

EEI

EPRS

Management, administrative, tax, and accounting services

$ 127,754

$ -0-

N/A

$ 127,754
             

Entergy Solutions Management Services LLC (ESLMS)

ESLTD

Professional services and back office support

$ 1,018,245

$ -0-

N/A

$ 1,018,245
             

ESLMS

ESOLS

Same as above

$ 1,203,229

$ -0-

N/A

$ 1,203,229
             

ESLMS

Entergy Thermal

Same as above

$ 98

$ -0-

N/A

$ 98
             

ERTI

ESLTD

Same as above

$ 2,284

$ -0-

N/A

$ 2,284
             

ERTI

ESOLS

Same as above

$ 137

$ -0-

N/A

$ 137
             

Entergy-Koch LP

EKTLP

Same as above

$ 878,858

$ -0-

N/A

$ 878,858
             

ENI

TLG

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

$ 159,835

$ -0-

N/A

$ 159,835
             

Entergy Nuclear Operations, Inc.

TLG

Same as above

$ 266,505

$ -0-

N/A

$ 266,505

 

ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
     

Investments in energy-related companies:

    

Total consolidated capitalization as of June 30, 2003

$18,016,833,000

Line 1

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

2,702,524,950

Line 2

Greater of $50 million or line 2

2,702,524,950

Line 3
     

Total current aggregate investment:

    

Energy management services (SOURCEONE)

996,084

  

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

431,387,457

  

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

58,769,942

  

Development and ownership of QFs (EPRS and RS Cogen)

224,600,000

  

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

877,000

  

Total current aggregate investment

716,630,483

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)

 $1,985,894,467

 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 1st 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: August 27, 2003