UNITED STATES OF AMERICA BEFORE THE SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. ________________________________________ In the Matter of : : Entergy Corporation : Entergy Enterprises, Inc. : Entergy Systems and Service, Inc. : formerly Systems and Service U.S.A., Inc. : CERTIFICATE PURSUANT : TO RULE 24 File No. 70-7947 : : (Public Utility Holding Company : Act of 1935) : ________________________________________ Pursuant to Rule 24 promulgated by the Securities and Exchange Commission (SEC) under the Public Utility Holding Company Act of 1935, modified by the application-declaration referenced above and the related order dated December 28, 1992, this is to certify that the progress made in the development of System and Service International, Inc.'s (SASI) energy efficient technology and manufacturing processes as well as the development within the "Base Region" (as defined) of such energy efficiency technology by Entergy Systems and Service, Inc. during the three months ended December 31, 1994. Unaudited financial statements for the fourth quarter of 1994 are also attached. 1) Development of SASI's energy efficient technologies continues to advance in accordance with the initial progress schedule. Operational planning regarding the automation of SASI's production lines continues. Engineering runs of SASI's newest technology are being prepared. Additionally, a new manufacturing facility is being prepared to be available in adequate time to produce the final marketable version of the above technologies. 2) Entergy Systems and Service, Inc. has utilized SASI's current product in energy service applications in the "Base Region". The following is a summary which indicates such installations and projected energy conservation which will result in savings of generating capacity. Annual Projected Number of Savings Installations kw's kwh's 269 1,884.61 11,944,454.71
IN WITNESS WHEREOF, the undersigned companies have caused this certificate to be executed this 31st day of January, 1995. Entergy Corporation By: /s/ Gerald D. McInvale Gerald D. McInvale Senior Vice President and Chief Financial Officer Entergy Enterprises, Inc. By: /s/ Gerald D. McInvale Gerald D. McInvale Senior Vice President, Chief Financial Officer, Treasurer and (Acting Chief Operating Officer) Systems and Service U.S.A., Inc. (now Entergy Systems and Service, Inc.) By: /s/ Gerald D. McInvale Gerald D. McInvale Chairman of the Board
Entergy Systems and Service, Inc. Statement of Operations For the Quarter Ended December 31, 1994 (Unaudited) Revenue $ 1,668,492 Cost of Goods Sold 1,243,915 ----------- Gross Margin 424,578 Selling, general and administrative expenses: Salaries and wages 3,007,863 Other 3,012,157 ----------- Operating loss (5,595,443) Other income 300,325 Interest expense 991,569 ----------- Loss before income taxes (6,286,687) Income taxes (2,384,712) ----------- Net loss $(3,901,975) ===========
Entergy Systems and Service, Inc. Balance Sheet September 30, 1994 (Unaudited) ASSETS Current assets: Cash and cash equivalents $34,763,160 Accounts receivable 1,938,651 Other current assets 108,177 Total current assets 36,809,988 Furniture, fixtures and equipment, net 4,881,712 Equipment Inventory - held for installation 11,144,324 Installations-in-process 4,681,670 Installed equipment 8,000,017 Investment in affiliate 2,316,996 Loan receivable from affiliate 2,700,000 Goodwill, net 1,053,776 Deferred taxes 8,367,981 Other assets 8,808,513 ----------- $88,764,977 =========== LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities: Accounts payable $ 2,908,002 Accrued liabilities 1,552,600 Current portion of capital lease obligations 157,927 Total current liabilities 4,618,529 Note payable to parent 72,300,000 Deferred credit - Sanwa 4,403,844 Deferred service contract revenue 9,711,504 Accrued maintenance costs 157,375 Capital lease obligations 320,672 Total liabilities 91,511,924 Shareholder's equity: Common stock, no par value, 50,000 shares authorized, 13,500 shares issued and outstanding 13,500,000 Accumulated defecit (16,246,947) ----------- Total shareholder's equity (2,746,947) ----------- $88,764,977 ===========
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.