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 21,1994
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 22, 1994

Item 5.   Other Materially Important Events

          Entergy Corporation, Gulf States Utilities Company

          On December 21, 1994, Cajun Electric Power Cooperative,
Inc. ("Cajun") filed a petition in the United States Bankruptcy
Court for the Middle District of Louisiana seeking bankruptcy
relief under Chapter 11 of the United States Bankruptcy Code.  As
previously disclosed, Gulf States Utilities Company ("GSU") has
significant business relationships with Cajun, including co-
ownership in the River Bend Steam Electric Generating Station
(nuclear) ("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.

          The precise consequences to GSU of Cajun's bankruptcy
filing cannot be predicted at this time.  However, GSU will take
appropriate steps to protect its interests and its claims against
Cajun arising from the co-ownership in River Bend and Big Cajun 2
Unit 3.  GSU intends to seek enforcement in the bankruptcy
proceedings of an injunction granted by the United States
District Court on December 19, 1994, pursuant to which GSU
currently is receiving its 42% share of power from the Big Cajun
2 Unit 3 coal plant.   GSU intends to continue making payments
for the power  into an account under the registry of the United
States District Court pursuant to the injunctive order, until
otherwise ordered by the Court.  Such payments are held in escrow
by the Court.

Form 8-K                                                   Page 2
December 22, 1994

          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 22, 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.