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Regulators want $1B in refunds for Miss. power plant

Regulators want $1B in refunds for Miss. power plant
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Regulators want $1B in refunds for Miss. power plant

NEW ORLEANS (AP) Utility regulators say Entergy Corp. wrongfully charged customers. ....

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Entergy should pay $1B in refunds, damages to customers over faulty power plant, regulators say

Entergy should pay $1B in refunds, damages to customers over faulty power plant, regulators say
Jessica Williams
Entergy Corp. wrongfully charged customers over eight years for a nuclear power station that often malfunctioned and was repeatedly deemed unsafe, according to allegations in a federal complaint filed by three of the utility s regulators.
The Louisiana Public Service Commission, the New Orleans City Council and the Arkansas Public Service Commission argued that $800 million Entergy spent to upgrade its problem-plagued Grand Gulf Nuclear Station in Mississippi hasn t improved the plant s safety record and subpar performance compared to other nuclear power plants.
The utility also charged customers over $361 million for power it had to purchase when the deficient station was offline, the regulators said in the complaint to the Federal Energy Regulatory Commission. They argued that Entergy should refund customers the power costs as well as the cos ....

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Entergy Reports 2020 Financial Results, Initiates 2021 Earnings Guidance

Entergy Reports 2020 Financial Results, Initiates 2021 Earnings Guidance
2020 results in top half of guidance range
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NEW ORLEANS, Feb. 24, 2021 /PRNewswire/ Entergy Corporation (NYSE: ETR) reported fourth quarter 2020 earnings per share of $1.93 on an as-reported basis and 71 cents on an adjusted basis (non-GAAP). For the full year, the company reported 2020 earnings per share of $6.90 on an as-reported basis and $5.66 on an adjusted basis.
We are reporting strong results for another very successful year. Our adjusted earnings per share were in the top half of our guidance range as we exceeded our $100 million cost savings target for the year, said Entergy Chairman and Chief Executive Officer Leo Denault. We ve built a culture of resiliency, and we couldn t be prouder of our employees who successfully delivered on our commitments in the face of extraordinary challenges. Our strong 2020 results r ....

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Entergy officials explain what could have possibly caused recent spike in bills

Entergy officials explain what could have possibly caused recent spike in bills
“I think it’s a confluence of multiple issues that are all stacking up together,” said Logan Burke, executive director of Alliance for Affordable Energy.
Author: Mike McDaniel / Eyewitness News (WWL)
Published: 10:42 PM CST January 26, 2021
Updated: 10:42 PM CST January 26, 2021
NEW ORLEANS For so many people in New Orleans right now, power bills are making them feel powerless.
“I was completely shocked,” said Madeline Leon when she saw her bill for her Gentilly home.
Leon says normally this time of year her bill is near or at the $200 mark. Her current bill is $500.44. She along with many Entergy New Orleans customers are being hit with drastic spikes. ....

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