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Entergy Corp. to raise rates in January

Published on NewsOK Modified: December 19, 2012 at 5:02 pm •  Published: December 19, 2012
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Another $2.26 increase is likely on February bills, to pay the costs of Entergy Mississippi buying 90 megawatts of generating capacity at the Grand Gulf nuclear plant from sister company Entergy Arkansas. That purchase too is supposed to save fuel costs in the long run. Entergy projects a savings of $346 million from 2013 to 2042. Grand Gulf runs at half the cost of Entergy Mississippi's next cheapest asset, its share of the Independence coal plant in Arkansas.

"We went out and sought this because we thought it was a good opportunity for our customers," Vanderloo said. "It's a very low-cost fuel. It's a very stable-cost fuel."

Entergy and the Public Service Commission agreed that beginning with the current adjustments, the company would seek changes in its fuel and other costs only once a year, instead of quarterly. If the company is running a large surplus or deficit in collections for fuel and other costs, unscheduled adjustments can still take place.

"We think it will promote greater rate stability," Collins said of the yearly adjustments.

Entergy Corp. is based in New Orleans and serves 437,000 customers in 45 counties in the western half of Mississippi.

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