Entergy Offers the State of Louisiana $121 Million to Settle Allegations of Overcharging Ratepayers
Entergy is proposing to send some $121 million to Louisiana to settle allegations it overcharged ratepayers with inflated costs from a nuclear plant in Mississippi, though some utility regulators are not convinced it is a good deal.
Entergy is proposing to spend $588 million to settle numerous allegations it overcharged ratepayers through a variety of tax maneuvers, incentive pay for executives and other issues at its Grand Gulf, Mississippi nuclear power plant that sells wholesale power to multiple states, The Advocate reports.
The Mississippi Public Service Commission announced last week it agreed to a $300 million settlement to end the state’s part in 13 rate proceedings before the Federal Energy Regulatory Commission (FERC), finalizing a dispute that began in 2017.
