<TABLE>                                                                                
<CAPTION>
                                                                                Exhibit 12(f)
                                                                                        
                        System Energy Resources, Inc.
       Computation of Ratios of Earnings to Fixed Charges and
                   Ratios of Earnings to Fixed Charges
                                                                                                               
                                                                                                          
                                                                                                          
                                                     1993      1994      1995       1996      1997      1998
                                                                                                               
<S>                                                <C>        <C>       <C>        <C>       <C>       <C>
Fixed charges, as defined:                                                                                     
  Total Interest                                    $190,938  $176,504  $151,512   $143,720  $128,653  $116,060
  Interest applicable to rentals                       6,790     7,546     6,475      6,223     6,065     5,189
                                                    -----------------------------------------------------------
Total fixed charges, as defined                     $197,728  $184,050  $157,987   $149,943  $134,718  $121,249
                                                    ===========================================================
                                                                                                               
Earnings as defined:                                                                                           
  Net Income                                         $93,927    $5,407   $93,039    $98,668  $102,295  $106,476
  Add:                                                                                                         
    Provision for income taxes:                                                                                
      Total                                           78,552    36,838    75,493     82,121    74,654    77,263
    Fixed charges as above                           197,728   184,050   157,987    149,943   134,718   121,249
                                                    -----------------------------------------------------------
                                                                                                               
Total earnings, as defined                          $370,207  $226,295  $326,519   $330,732  $311,667  $304,988
                                                    ===========================================================
                                                                                                               
Ratio of earnings to fixed charges, as defined          1.87      1.23      2.07       2.21      2.31      2.52
                                                    ===========================================================
                                                                                                               

</TABLE>