Entergy customers to see lower electricity bills now that 2005 hurricane debt paid off
"We've had a series of rate decreases over the past year," said
The five-elected members of the
Residential customers of the old Entergy Louisiana, which covers
For legacy Entergy Gulf States, which covers much of
Since 2005, when the hurricane costs were incurred, the two legacy companies have consolidated into Entergy Louisiana, which services 1 million customers -- almost half the state.
A typical residential customer in
Monthly bills generally are base rates, which includes a profit margin for the investor-owned utility companies; plus the cost of fuel to run electricity generating plants; and various fees, including a surcharge to repay to costs of getting the lights back on after a storm.
The surcharge will drop about 60 percent because Katrina and Rita costs have been paid. But costs for hurricanes Gustave and Ike, which will be repaid in
Flooding and high winds from back-to-back storms in 2005 crippled much of the state's infrastructure and caused a massive diaspora of
After Hurricane Katrina, utilities had been able to restore power to about three-quarters of their customers when 23 days later Hurricane Rita came ashore. More than 21,000 poles, 12,600 distribution transformers and miles of wire were torn down during the two storms.
Entergy brought in about 13,000 workers from other states. It took 42 days for Entergy to restore all power to the customers that could accept it. The recovery cost
Afraid that the costs, if repaid using traditional methods, would cause a dramatic spike in the monthly bills, the utility and the
"We worked closely with the
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