Second portion of Entergy rate increase approved
The $206 million purchase of the Jackson power plant from KGen Power Corp. is also supposed to save ratepayers money in the long run because the company will be able to generate power more efficiently, spending less on natural gas compared to older plants.
The Public Service Commission ratified an agreement with the company that Entergy would only collect $750,000 for a reserve that the utility can dip into for rebuilding after storms.
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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