Entergy’s proposed gas plant: All the information, at your fingertips

Entergy New Orleans wants to you to pay over $210 million dollars over the next 30 years to build a natural gas plant in Michoud.

These are the facts, stated by Entergy employees, including the CEO, Charles Rice.

Entergy’s CT Gas plant will:

• Create ONLY 13 permanent jobs. Jobs are great, but shouldn’t New Orleanians get more than 13 for over $210 million dollars?
• Be paid for ENTIRELY by ratepayers (everyone with energy bills in New Orleans), Entergy doesn’t pay a single cent.
• Guarantee Entergy more than 11% return on equity, meaning however much the plant costs, we pay an additional 11% of that directly to Entergy as profit. That’s $24 million in profits based on the $216 million price tag for its original plans (Times Picayune article).
• Add to the subsidence of New Orleans, making everyone more susceptible to larger and more frequent flooding
• Release toxic pollution into the air New Orleanians breathe
• Only be used for 50 hours a YEAR, that’s less than 1% of the year