News Detail

Apr 21, 2010 3:24 PM by Chris Paulsen

Storm Cost Passed On

BATON ROUGE, La. (AP) - Entergy Corp. has received permission
from state regulators to charge Louisiana customers for $408
million in storm damage from hurricanes Gustav and Ike and for
replenishment of $290 million in storm reserves.
Entergy will sell bonds to get upfront cash, and that debt will
be paid off through surcharges on customers' bills.
Entergy Louisiana customers will see an estimated increase of
$2.44 per 1,000 kilowatt hours, while Entergy Gulf States Louisiana
customers will pay an additional $1.93 per 1,000 kilowatt hours,
Entergy said.
The Public Service Commission approved the measure in a 4-1 vote
Entergy Louisiana will receive $260 million to cover storm costs
and another $200 million to refill its storm reserve. Entergy Gulf
States Louisiana will receive $148.4 million for storm costs and
another $90 million for its storm reserve.


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