Entergy agrees to $142 million repayment to Arkansas customers

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Arkansas utility regulators recently approved a $142 million offer from Entergy to repay ratepayers for the firm’s alleged mismanagement of its Grand Gulf nuclear power plant in Mississippi.

The Arkansas Public Service Commission had rejected the offer in August 2022 as insufficient, but dropped its objections with little fanfare last month. Arkansas Business reported that while regulators in Mississippi accepted a $300 million settlement last year, those in Louisiana continued to fight the issue.

Entergy has subsidiaries in three states including Entergy Arkansas headquartered in Little Rock. According to Arkansas Business, Entergy Arkansas explained that $142 million to be returned to the company’s customers.

“This settlement resolves costly litigation and will result in meaningful benefits for customers,” the statement continued. “Once the settlement is approved by FERC, Entergy Arkansas will make a filing at the [Arkansas Public Service Commission] to calculate the amount customers will receive on their bill and subsequently issue refunds.”

Source: Arkansas Business