SECURITIES AND EXCHANGE COMMISSION
                                
                     Washington, D.C.  20549
                                
                            FORM 8-K
                                
                         CURRENT REPORT
                                
             Pursuant to Section 13 or 15(d) of the
                 Securities Exchange Act of 1934
                                
                                
 Date of Report (Date earliest event reported) December 14,1994
                                
                                
Commission   Registrant, State of Incorporation,     I.R.S. Employer
File Number  Address and Telephone Number            Identification No.

1-11299      ENTERGY CORPORATION                     13-5550175
             (a Delaware corporation)
             639 Loyola Avenue
             New Orleans, Louisiana  70112
             Telephone (504) 529-5262
             
1-2703       GULF STATES UTILITIES COMPANY           74-0662730
             (a Texas corporation)
             350 Pine Street
             Beaumont, Texas  77701
             Telephone (409) 838-6631
             
                                
                                


Form 8-K                                                   Page 1
December 16, 1994


Item 5.   Other Materially Important Events

          Entergy Corporation, Gulf States Utilities Company

          On December 14, 1994, the Louisiana Public Service
Commission ("LPSC") ordered Cajun Electric Power Cooperative,
Inc. ("Cajun") to decrease the rates charged to its member
distribution cooperatives by approximately $30 million per year.
The rate decrease is associated with the LPSC's prior finding of
imprudence in Cajun's participation in the River Bend Steam
Electric Generating Station (nuclear) ("River Bend").  Gulf
States Utilities Company ("GSU") has significant business
relationships with Cajun, including co-ownership in the River
Bend and Big Cajun 2 Unit 3.  GSU and Cajun own 70% and 30%
undivided interests, respectively, in River Bend and 42% and 58%
undivided interests, respectively, in Big Cajun 2 Unit 3.

          As previously reported in the Form 10-Q for the
Quarterly Period Ended September 30, 1994, GSU and Cajun are
involved in significant litigation with respect to their joint
ownership of River Bend, and Cajun has not been paying its full
share of River Bend costs.  GSU also previously has reported that
Cajun has serious financial problems, which could have potential
adverse effects upon the ultimate collectibility of amounts  now
or in the future owed by Cajun to GSU.  The rate decrease ordered
by the LPSC will, in GSU's estimation, make Cajun's financial
condition more precarious and could cause Cajun to seek relief
from its creditors in bankruptcy.  The adverse effects upon GSU
of a bankruptcy proceeding by Cajun cannot be predicted at this
time.

          Gulf States Utilities Company - LPSC Rate Review

          As previously disclosed in the Form 10-Q for the
Quarterly Period Ended September 30, 1994, consultants to the
LPSC filed testimony on November 7, 1994, which recommended a
rate reduction of approximately $10.8 million for GSU's Louisiana
retail jurisdiction.  On December 14, 1994, the LPSC ordered a
$12.7 million annual rate reduction for GSU effective in January
1995.  The rate order included, among other things, a reduction
in GSU's Louisiana jurisdictional authorized return on equity
from 12.75% to 10.95%.  GSU intends to appeal the action of the
LPSC and to seek appropriate injunctive relief.  No assurance can
be given as to the timing or outcome of these proceedings.





Form 8-K                                                   Page 2
December 16, 1994



                            SIGNATURE
                                
                                
          Pursuant to the requirements of the Securities Exchange
Act 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

                                 Entergy Corporation
                                 
                                 By:   /s/ Lee W. Randall
                                          Lee W. Randall
                                        Vice President and
                                     Chief Accounting Officer
                                 


                                 Gulf States Utilities Company
                                 
                                 
                                 
                                 By:    /s/ Lee W. Randall
                                          Lee W. Randall
                                      Vice President, Chief
                                        Accounting Officer
                                     and Assistant Secretary
                                                 
                                 
                                 
                                 
                                                 
Dated: December 16, 1994                          

 

This website contains, and has materials that contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "expected", "will" and similar expressions are intended to identify forward-looking statements. Entergy's expectations regarding any specific matter is only its forecast regarding the matter. A forecast may be substantially different from actual results, which are effected by various factors that are in Entergy's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.