Slide 1: Fourth Quarter 2005 Earnings Teleconference
Entergy Fourth Quarter 2005 Earnings Teleconference J. Wayne Leonard Chief Executive Officer Leo Denault Executive Vice President and Chief Financial Officer a Sarwary 31,2008 = Entergy
Slide 2: Safe Harbor and Reg G Compliance
Safe Harbor and Reg G Compliance Inihis precentation and fan tie tome, Ertarpy males atements conceing ts expectation, bl, plans, objects, goal, srateies and ure evens of pefomance. Such satemarts are “bruatalokig suterenis” bib the Meaning ofthe Pate Secuties Lagaton Faforn At of 1906. Atbough Eter
Slide 3: Quarter As-Reported and Operational Earnings Comparison
Quarter A: orted and Operational Earnings Comparison Earnings Per Share 4Q04 vs. 4Q05 sos8 $059 $050 5043 nucle $02 Ps - = _ DI ecs = soon = $0.00 4q04 4q04 405 4q05 As Reported Operational AsReported Operational Speci tems Specia toms Tax benefit -EXinvesiment $007 Retailbushemirpaimentreneree $0.1
Slide 4: 4th Quarter Earnings Contribution by Business
4" Quarter Earnings Contribution by Business Utility, Parent & Other EPS Entergy Nuclear EPS Energy Commodity 4004.3. 4005 4Q04.v3. 4005 Services EPS 4Q04.vs. 4005 0x 023 0.16 0.10 0.06 00 (aon 4q04 4Q05 4q04 4005 4q04 4Q05 Performance Drivers Performance Drivers Performance Drivers © Extended outag
Slide 5: Earnings Comparison
Earnings Compariso Earnings Per Share 04 vs. 05 $4.19 $4.40 $3.93 $3.80 S12 Nuclear $1.08 st 513% cs $0.01 (0.05) $0.05 $0.05 2004 2004 2005 2005 ‘Ais-Reported Operational ‘As-Reported Operational ‘Special tems ‘Special tems Tax benefit - EK investment, soo7 iment reserve $ (0.12) Reduction in umset
Slide 6: Net Cash Flow
Net Cash Flow Net Gash Flow from Operating Activities 4Q04.vs. 4Q05; 5M 1,216 361 4no4 4005 “Absence of salex proceeds from Entergy-Koch »Storm-related spending and lost AGM Working capital fluctuations at Utility Offset by higher revenues and lower refueling outage at Nuclear Operating Ac’ Net Gash
Slide 7: 2006 Earnings Guidance
2006 Earnings Guidance As-Reported and Operational EPS OGE Guidance ‘tt 4.65 Midpoind, — 4.80-4.80 Range a = — ado (0.10) 0.10 (0.14) (0.05) Nuclear Revenue 047 cam (0.05) Interest ‘002 Giher (004) 2008 Weather Storm Adjusted Sales! OM Interest Price Volume O&M terest All 2008 Operational Efects 200
Slide 8: Aspirations Are Intact - Initiatives Support Long-term Achievement
Aspirations Are Intact - 06 Initiatives Support Long-term Achievement Key Initiatives and Aspirations * Commence recovery of storm costs through 2 combination of insurance recovery, federal assistance and regulatory rate relief in a manner that supports the removal of utility operating companies fro
Slide 9: Q&A Session
Q&A Session Entergy
Slide 10: Entergy Consolidated Earnings Excluding Storm Effects
Entergy Consolidated Earnings Excluding Storm Effects a2 133 133 134 134 a3 1.65 (0.14) 179 1.68 H 1 a4 0.43 0.12) (0.12) ort (0.26) (0.26) FYOS 4.19 445 4.40 4.56 05; Sishare ai ‘As-Reported 07a Less Storm Effects : {as Reported excluding Storm Effects 078 Operational oso Less Storm Effects Operati
Slide 11: Appendix: Reg G Reconciliation
Appendix: Reg G Reconciliation EPS Contribution by Business Reconciliation of GAAP to Non-GAAP Measures 2005 vs. 2004 (Per share in US. 9) aa0s 4005 2005 2004 Ustity, Parent & Other ——__ ‘As-Reported 038 282 2.88 Less Special ites ‘Tax benafits - Entergy-Koch investment 0.07) 2 0.07) Retail Business