PSC approves settlement with Entergy Gulf States

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Associated Press

Posted on May 22, 2013 at 8:02 AM

Updated Wednesday, May 22 at 8:02 AM

BATON ROUGE, La. (AP) — State regulators have approved a settlement that would lower Entergy's profit margin, pay a refund and roll back rates for about 92,000 natural gas customers in Baton Rouge.

Under the terms of the settlement approved Tuesday, Matthew Kahal, the regulatory economist hired to advise the Public Service Commission on the case, says the rate paid for natural gas each month will drop about 2.5 percent.

In addition, Entergy will refund a modest amount, probably less than a dollar for the typical residential customer. The exact amount depends on when the settlement is implemented.

The Advocate reports (http://bit.ly/16NS2jx ) the key issue is the profit margin, called return on equity, which was reduced from 10.5 percent to 9.95 percent for Entergy Gulf States Louisiana LLC under the agreement.

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Information from: The Advocate, http://theadvocate.com

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