New Orleans

Entergy customers could see $11 per month spike for 15 years due to Louisiana storms | New Orleans’ Multicultural News Source – New Orleans, Louisiana

New Orleans, Louisiana 2021-11-29 13:29:43 –

November 29, 2021 ・ 0 Comments

By Wes Muller
Contributor

(Lailluminator.com) — Louisiana Entertainment executives will be able to pay customers a $ 11 storm recovery fee on a 15-year monthly invoice on Wednesday to offset the costs of an unprecedented storm in Louisiana over the past two years. Revealed that there is sex. This number is a tentative estimate and must be evaluated and approved by the Louisiana Civil Service Commission.

Entergy Louisiana CEO Phillip May and Vice President Mark Kleehammer presented their quotes at a public utility commission meeting last Wednesday. The commissioner approved the request without objection, but some of them were more angry about it than others.

“This provides us with the opportunity to get additional cash, so we can pay creditors, people who appear to help line up, etc.,” May said. “These invoices will continue to arrive. This will help us pay for them, and as we continue, we will be in better financial position. However, we still need where we need to recover these costs. There is a terrible shortage, so there is still some work to be done here. “

Photo courtesy of: Wes Mulller / The La. Illuminator

According to May, multiple storms in Louisiana over the past two years have cost the company an estimated $ 4 to $ 4.4 billion. This includes damage from hurricanes Ida, Winter Storm Uri, and 2020 hurricanes Laura, Delta, and Zeta.

Mike Francis, a fourth district committee member representing southwestern Louisiana, was sympathetic to the company’s financial position.

“Well, this committee is very aware of your credit line and what burden we have put on it, and we are here with you to help you,” says Francis. I did. “Keep up to date. I know there are some other needs in the future, and I’m grateful for the work everyone is doing. Keep the lights on. Was a really tough job, but thank you for what you did. “

But Foster Campbell, a fifth district committee member representing northern Louisiana, told entertainment executives that not everyone feels the same.

“First of all, thank you for what you did to turn on the lights for the people. I know it was devastating. I don’t downplay it.” Campbell said. “When we’re done, how much do you need to increase the rate of people, do you have any thoughts? The idea that you’ll take a month to pay for this. Do you have it? Because not everyone is in love with everyone. You know it? Not everyone is on your side. Everyone has a lot of waste and Many people think there is this and that and other things. “

Kleehammer said high-level estimates would cost up to $ 15 per month in 15 years, but securing a low-interest loan would reduce it to about $ 11 per month.

“The precedents we’ve seen in the last two stormy seasons are unprecedented throughout the history of the industry,” said Kleehammer.

Campbell and Entergy executives then discussed federal grants and other sources that Entergy could receive from the $ 1.2 trillion infrastructure bill that President Biden signed the bill on Monday. Louisiana will receive approximately $ 7 billion.

Campbell asked executives if the delegation of the Louisiana State Capitol should lobby more violently, as most of them voted against it.

“In honor of everyone in this room, we have been through a year of hell and need all the help we can get,” Campbell said. “Let’s see if I can say it in the softest way I can say it. We should all work together to get Louisiana back and I’m Senator (Bill) Cassidy and Senator (Troy) Carter praise. I’m wondering how we’re in hell, and you straighten these people’s homes and bring their lives back. I can’t get these (other) people to help you drop this money here to get it straight back. ”

May said Entertainment will continue to work with Congress to take all possible remedies that it can offer its customers.

Jessica Hendricks, State Policy Director at the Alliance for Affordable Energy, was concerned about how residents could raise electricity prices in this way, and about the level of maintenance that Entergy was doing on its electrical infrastructure before the storm. He said he was asking a question.

“We have a lot of concerns about how people pay these invoices,” Hendrix said. “We also have questions about the extent of the equipment. What did this equipment look like when we faced these storms? In the first place, we have questions about the reliability and resilience of the equipment.”

Louisiana Illuminator (www.lailluminator.com) is an independent, non-profit, independent news organization.

This article was originally published in the November 29, 2021 print edition of the Louisiana Weekly Newspaper.

Entergy customers could see $11 per month spike for 15 years due to Louisiana storms | New Orleans’ Multicultural News Source Source link Entergy customers could see $11 per month spike for 15 years due to Louisiana storms | New Orleans’ Multicultural News Source

Back to top button