ENTERGY REFUNDS TO APPEAR ON CONSUMERS’ BILLS

After successful litigation by the Louisiana Public Service Commission in matters relating to the multi-state System Agreement, a ruling from the Federal Energy Regulatory Commission (FERC), has been issued ordering Entergy to begin issuing refunds to Louisiana consumers, Louisiana Public Service Commissioner Eric Skrmetta announced today.

Between June and December, Entergy Louisiana customers will receive credits ranging from $16 to $23, spread out over the seven-month period.  The average user will have a monthly refund of $3.42.  The refund comes in compliance with a remand from the U.S. Court of Appeals for the District of Columbia Circuit, which was a response to an earlier FERC filing.

“The FERC determined that Entergy delayed implementing an ‘equalization remedy’ in 2005, which resulted in more than $70 million in refunds,” Skrmetta said.  “We have ordered Entergy to return these funds directly to consumers in the form of monthly credits based on average electricity usage.  I am always pleased to successfully return money to Louisiana’s ratepayers and to continue efforts to keep utility costs as low as possible.”

The FERC regulates interstate transmission of electricity and monitors energy markets, but does not have jurisdiction over energy sales and distribution directly to consumers; those regulatory actions fall under the Louisiana Public Service Commission, which issued the refund order to Entergy based on FERC and Appeals Court findings.

“We are examining a similar issue regarding Entergy that occurred in the 2005-2007 time period, and after due process we will determine if there are additional funds to send back to consumers,” Skrmetta said.