While this revenue will be collected through a charge on customers bills, electric customers will not experience an increase in their bills because incoming bill credits from a settlement in Federal Energy Regulatory Commission (FERC) docket EL 18-152 (related to the Grand Gulf Nuclear Station) will offset these costs. The average gas customer will see an increase of $4.93 on their monthly bill.
For more information on Entergy's FRP application, check out our previous blog post, here.
What are The Alliance's thoughts on the Council's approval of Entergy New Orleans' application? Read the comments of our New Orleans Policy Director, Jesse George, below:
Today’s increase of $1.65M in electric revenues and $6.9M in methane revenues for Entergy New Orleans is an insult to struggling New Orleans ratepayers who already endure one of the highest energy burdens in the nation, while routinely experiencing poor service, with weekly fair weather outages during the hottest months of the year, and indeed, in human history. When compounded with Entergy’s pending applications for $179M in Hurricane Ida costs and $1B in storm hardening costs, New Orleanians might well ask what the Council is doing to alleviate their burdens.