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Tag Archives: Entergy Corp.

Hood wants Entergy case heard in state court

JACKSON — Attorney General Jim Hood is asking a federal court to send the state of Mississippi’s lawsuit against Entergy back to state court. In its recent ruling in Mississippi ex rel. Hood v. AU Optronics Corp., the U.S. Supreme Court unanimously agreed with Hood’s argument that cases brought by attorneys general to enforce their states’ laws should be heard ...

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Entergy Mississippi rates to increase 4% in February

JACKSON, Mississippi – Entergy Mississippi customers will see a rate increase of about 4 percent beginning in February, mainly due to rising natural gas costs and an under-recovery of fuel costs in 2013. Fuel costs are passed through to the customer dollar-for-dollar with no profit to the company. With the increase, the typical residential customer using 1,000 kilowatt hours will ...

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Entergy hands grid management to MISO

NEW ORLEANS — There’s a new traffic cop directing electricity flows to 2.8 million power customers in Louisiana, Arkansas, Mississippi and Texas. New Orleans-based Entergy Corp. handed over management of its grid late yesterday to the Midcontinent Independent Transmission System Operator. MISO, based in Carmel, Ind., already directed electricity movement in parts of 11 Midwestern states and Canada’s Manitoba province. ...

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Arkansas PSC welcomes new Entergy agreement

LITTLE ROCK, Ark. — The Arkansas Public Service Commission is heralding Entergy Arkansas’ plan to leave the multi-state agreement in which it has operated for decades. The regulatory body yesterday noted that Entergy Arkansas will tomorrow no longer be networked with Entergy utilities in Louisiana, Mississippi and Texas. The PSC says the Entergy system agreement has unnecessarily cost Arkansas ratepayers ...

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PSC unanimously rejects Entergy-ITC proposed merger

JACKSON — Mississippi utility regulators have unanimously rejected a merger proposal by Entergy Corp. and ITC Holdings Corp., saying the deal could have meant a $300-million rate increase for Mississippi customers over 30 years. “We respect Entergy’s desire to improve its organizational effectiveness, but the commission was not persuaded the transfer of ownership would be in the best interest of ...

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More winter weather could impact post-ice storm efforts

For those without power from this weekend’s ice storm, help is coming. However, more winter weather tonight could impede efforts. Crews were working yesterday to restore power to thousands of customers in north Mississippi after an ice storm. Ron Stewart, spokesman for Electric Power Associations of Mississippi, says about 7,000 association customers were without power, mainly in DeSoto and Marshall ...

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Entergy reports decreased profit; gives 2014 forecast

NEW ORLEANS — Entergy Corp. said day that its third-quarter profit fell 29 percent on higher costs, and it gave a 2014 forecast with midpoint below analysts’ expectations. Shares of the power generating and distribution company fell $2.05, or 3 percent, to close at $66.06. Net income fell to $239.9 million, or $1.34 per share, compared with $337.1 million, or ...

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Entergy-ITC merger back on after refiling in Texas

NEW ORLEANS — Entergy Corp. and ITC Holdings Corp. have refiled their merger application in Texas, indicating the companies believe they can go forward without restructuring their overall merger agreement. The companies are pushing for Texas to make a decision by Dec. 19, and say they will ask regulators in other states to restart consideration. Other states had put the ...

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Still no new filings in Entergy-ITC merger

JACKSON — Almost a month after Entergy Corp. and ITC Holdings Corp. withdrew their merger application in Texas, they haven’t refiled. Since then, Louisiana, Arkansas and Mississippi have delayed consideration of the merger. “We’re wanting to see where Texas goes on this,” said Eric Skrmetta, chairman of the Louisiana Public Service Commission. Observers say the delays almost certainly mean the ...

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Entergy, ITC retool agreement in the face of opposition

NEW ORLEANS — Faced with likely rejection because of procedural reasons, Entergy Corp. and ITC Holdings Corp. have withdrawn their Texas application to merge transmission systems. The move came at the end of an hours-long hearing Friday in Austin, Texas, before the state’s Public Utility Commission. New Orleans-based Entergy and Michigan-based ITC are trying to merge by late December. They ...

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