The Federal Energy Regulatory Commission (FERC) has released a decision siding with the Louisiana Public Service Commission (LPSC) in its dispute against System Energy Resources, Inc. (SERI), a subsidiary of Entergy Corporation (Entergy).
FERC's decision reaffirms regulatory and advocate concerns that Entergy has systematically overcharged ratepayers across the states of Arkansas, Mississippi, and Louisiana for over two decades for costs related to its ownership, and mismanagement, of the Grand Gulf Nuclear Station in Port Gibson, Mississippi.
Amid wide-ranging allegations that it soaked ratepayers for inflated costs at its troubled Grand Gulf nuclear power plant, which serves customers in three states, Entergy has struck a settlement with Mississippi, agreeing to refund the state $300 million. But it’s not yet clear if regulators in Louisiana will opt into the deal, and some officials are skeptical.
The Alliance's take: This plant has been a problem from the jump. Louisianans are owed far more than this pittance and we’re glad to see regulators in the state indicate the same sentiment.