Second portion of Entergy rate increase approved

Published on NewsOK Modified: January 8, 2013 at 3:15 pm •  Published: January 8, 2013

"It is a power purchase agreement, so that is more like a lease than an outright purchase," Jeremy Vanderloo, Entergy's head of regulatory affairs in Mississippi, wrote in an email.

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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