Louisiana has struggled to get electric grid aid. See why that could soon change.
Oct. 31—After a series of devastating hurricanes wreaked havoc on
State regulators unsuccessfully sought federal aid for publicly traded utilities like Entergy, which seldom get reimbursement for storm damage. Then, Entergy applied for
But in the coming months and years, the state and its for-profit utilities could finally tap into significant federal largesse. The state is hoping to reel in an unprecedented federal investment in the electric grid, through the bipartisan infrastructure bill passed by
The
The bill will also send money to states and utilities vulnerable to climate change — including hurricane-prone
Experts say the amount of money likely to flow to
Still, regulators hope a chunk of federal funds will help kickstart an ongoing effort to reform how
The state is expected to send in its application for the first batch of funds, which could result in
That represents a relatively small portion of the overall aid package. Utilities and other institutions will have to compete for bigger chunks of the available help against other states ravaged by wildfires and other natural disasters.
"This is going to be very competitive. Much of the West and all the challenges they've faced with wildfires — they have a strong case to make for funding," said
A coalition of state officials has spent months meeting with utility leaders, state and local regulators, Native American tribes, consumer advocates and others to develop the first application. Gov.
Cooper said the state is prioritizing five uses for the money. Three center around microgrids, which use solar arrays and batteries to create power islands that operate even when the grid is offline. The state is focusing on microgrids for critical facilities like hospitals; community microgrids that connect neighborhoods to power; and "relief islands" like
Another focus is on building infrastructure to allow electric vehicles to send power back to a building in a post-disaster situation, Cooper said. The state will also prioritize vegetation management, where utilities trim trees to make it harder for branches to knock down lines in a storm.
Public Service Commissioner
But the request is still in limbo. Greene is spearheading several efforts at the PSC to harden the electric grid, but the dockets haven't yet produced a reform plan.
In addition to allowing investor-owned utilities to compete for money from the infrastructure bill,
Entergy, which reported Friday it was raising its quarterly dividends for shareholders by 6%, separately sought federal help for a series of infrastructure projects earlier this year in conjunction with the
"Although we're disappointed that
Freese said the company plans to submit proposals seeking money from the infrastructure bill when applications open in the coming months. The
Advocates are pushing for
___
(c)2022 The Advocate, Baton Rouge, La.
Visit The Advocate, Baton Rouge, La. at www.theadvocate.com
Distributed by Tribune Content Agency, LLC.
Bright Health insurer will discontinue individual and family coverage in Florida
Ian provides Florida the opportunity to get it right
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News