Commissioners approve second part of Entergy’s rate increase
Published: January 8,2013
JACKSON — Entergy Corp. will raise customer bills again starting later this month to pay the costs of Entergy Mississippi buying a share of the Grand Gulf nuclear plant from sister company Entergy Arkansas.
A residential customer who uses 1,000 kilowatt hours per month will see his or her bill increase $2.78 per month from the current amount, according to the Mississippi Public Service Commission. The commission voted 3-0 to approve the increase.
In December, the commission approved a rate increase of $8.29 a month to cover higher natural gas costs as well as the company’s recent purchase of a Jackson power plant.
The Grand Gulf purchase is supposed to save fuel costs in the long run. Entergy projects a savings of $346 million from 2013 to 2042.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — Cannabis for the rest of us
- MARTY WISEMAN: The current racial strife and the failure to educate
- Source: Bryant has offered Glenn McCullough MDA job
- Planters Bank promotes at 3 locations
- BILL CRAWFORD: Boyce takes hot spot as IHL commissioner
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere
- Two new casinos like the odds on Mississippi Gulf Coast