Entergy To Pay $36 Million in Settlement for Overcharging Customers

BATON ROUGE, La. – Entergy customers in Louisiana are set to receive a $36 million settlement after the Public Service Commission (PSC) sued the company for overcharging ratepayers to cover expenses for the Grand Gulf nuclear plant. The refunds will be spread out over the upcoming months, providing a much-needed relief to Louisianians who have been struggling with high energy costs.

The PSC’s lawsuit against Entergy comes as a welcome development for Louisiana’s residents, who have long been grappling with some of the highest electricity bills in the nation. The settlement sends a clear message to utilities that they will be held accountable for their actions, and that the PSC will not hesitate to take legal action if necessary.

“Louisianians, and anyone actually across the South in Entergy’s portfolio, were being overcharged for a power plant that was not working,” said District 3 Commissioner Davante Lewis. This statement highlights the importance of transparency and accountability in the energy sector, and the need for regulatory bodies like the PSC to keep a close eye on the actions of companies like Entergy.

In addition to the settlement, the PSC also approved a bid by Entergy to seek a federal grant to upgrade the power grid serving North Baton Rouge. This investment in the region’s infrastructure will not only improve the reliability and efficiency of the power grid but will also create jobs and drive economic growth.

Overall, the PSC’s actions represent a significant victory for Louisiana’s ratepayers, who have been burdened with high energy costs for too long.

As District 4 Commissioner Mike Francis stated, “When people like Entergy or any other utility gets out of line, they’re going to face our lawyers and we’re going to hold them accountable.”