Entergy to pass on another $1.5 billion in storm costs to customers
NEW ORLEANS (WVUE) - Utility regulators approved a request Wednesday (Jan. 18) from Entergy Louisiana to bill customers $1.5 billion over the next 15 years to help cover the costs of Hurricane Ida repairs.
The Louisiana Public Service Commission approved the measure by a vote of 3-2.
Newly elected Commissioner Davante Lewis and Commissioner Foster Campbell voted against the measure.
The average Entergy customer (1,000 kilowatt-hour home) should see about a $5.50 increase in monthly bills, Lewis anticipates. The vote does not pertain to Entergy New Orleans customers.
The new rate hike comes on top of a $3.2 billion storm fee the PSC approved in February of 2022.
Entergy originally requested nearly $1.7 billion in financing for the repairs, but commissioners negotiated to lower the proposal by about $180 million in what some call an “unprecedented move.”
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