[Federal Register Volume 62, Number 6 (Thursday, January 9, 1997)]
[Notices]
[Pages 1347-1348]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-444]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 35-26640]


Filings Under the Public Utility Holding Company Act of 1935, as 
Amended (``Act'')

January 3, 1997.
    Notice is hereby given that the following filing(s) has/have been 
made with the Commission pursuant to provisions of the Act and rules 
promulgated thereunder. All interested persons are referred to the 
application(s) and/or declaration(s) for complete statements of the 
proposed transaction(s) summarized below. The application(s) and/or 
declaration(s) and any amendments thereto is/are available for public 
inspection through the Commission's Office of Public Reference.
    Interested persons wishing to comment or request a hearing on the 
application(s) and/or declaration(s) should submit their views in 
writing by January 27, 1997, to the Secretary, Securities and Exchange 
Commission, Washington, D.C. 20549, and serve a copy on the relevant 
applicant(s) and/or declarant(s) at the address(es) specified below. 
Proof of service (by affidavit or, in case of an attorney at law, by 
certificate) should be filed with the request. Any request for hearing 
shall identify specifically the issues of fact or law that are 
disputed. A person who so requests will be notified of any hearing, if 
ordered, and will receive a copy of any notice or order issued in the 
matter. After said date, the application(s) and/or declaration(s), as 
filed or as amended, may be granted and/or permitted to become 
effective.

Entergy Corporation (70-8977)

    Entergy Corporation, 639 Loyola Avenue, New Orleans, Louisiana 
70113 (``Entergy''), a registered holding company, has filed a 
declaration with the commission pursuant to sections 6(a) and 7 of the 
Act.
    Entergy adopted an employee stock option plan, known as the Entergy 
Stock Investment Plan (``Plan''), dated October 29, 1993. In connection 
with the implementation of the Plan, the Commission, by order dated 
December 28, 1993 (HCAR No. 25963), authorized Entergy, from time to 
time through March 31, 1997, to (i) grant options (``Options'') to 
eligible employees (as hereinafter defined) to purchase up to 2,000,000 
shares of its common stock, $5 par value, or any successor security 
(``Stock''), and (ii) to issue and sell up to 2,000,000 shares of such 
Stock upon the exercise of such Options. In addition, Entergy was 
authorized to purchase, from time to time through March 31, 1997, up to 
2,000,000 shares of Stock to be held as treasury shares, pending resale 
to such employees, for the purpose of satisfying the anticipated 
requirements of the Plan.
    The Plan, as currently in effect, provides for three consecutive 
annual offerings of Stock, with the first such annual period commencing 
on April 1, 1994 and the third and final such annual period 
termininating March 31, 1997. Entergy now proposes to renew and extend 
the Plan for an additional three year period commencing April 1, 1997, 
and to amend the Plan to provide for such renewal and extension and for 
the sale of up to 2,000,000 additional shares of Stock during this 
extended term.
    Accordingly, Entergy requests authorization, from time to time 
during the period through March 31, 2000, to grant additional Options 
pursuant to the terms of the Plan, as amended, and, in connection with 
the execution of such Options (and the Options previously granted), to 
sell up to an aggregate maximum of 4,000,000 shares of its Stock 
(including the 2,000,000 shares currently authorized) which may be 
either authorized but unissued shares or previously issued shares 
purchased by Entergy on the open market and held by the Corporation as 
treasury shares. Entergy intends, pursuant to rule 42, to purchase on 
the open market, from time to time through March 31, 2000, up to an 
aggregate maximum of 4,000,000 shares of Stock (including the 2,000,000 
shares currently authorized), to be held as treasury shares pending 
resale to participating employees pursuant to the terms of the Plan.
    Funds for the purchase of shares of Stock on the open market to 
satisfy the requirements of the Plan will be obtained from internally 
generated funds. Proceeds from the sale of shares of Stock under the 
Plan will become part of the general coporate funds of Entergy and will 
be used (i) to purchase Stock of Entergy sold or to be sold by Entergy 
under the Plan, or (ii) for other general corporate purposes. Any 
authorization that is required under the

[[Page 1348]]

Act for entergy to issue or sell shares of Stock for corporate purposes 
other than as set forth herein would be the subject to a separate 
filing or filings with the Commission.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-444 Filed 1-8-97; 8:45 am]
BILLING CODE 8010-01-M