"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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