Sunday, May 26, 2024

Federal regulator ruling means possible refunds for Entergy customers

by BIZ Magazine

(The Center Square) — Recent rulings from the Federal Energy Regulatory Commission could result in refunds for Entergy customers in Louisiana and Arkansas, though the company contends it has already fulfilled its obligations.

The two FERC rulings issued on Dec. 23 stem from multiple disputes regarding rates and taxes tied to operations at the Grand Gulf nuclear plant in Port Gibson, Mississippi, which is run by Entergy subsidiary System Energy Resources, Inc.

One of the rulings affirmed a 2020 decision that found SERI failed to reduce its rate base for taxes it collected from customers but did not forward to the government. The issue centered on an “uncertain” tax deduction for the future cost of decommissioning the Grand Gulf plant, the largest nuclear reactor in the U.S.

The 2020 decision ordered SERI to pay $334 million in refunds plus interest, but the FERC ruling on Friday expanded the earlier order to include refunds for items not included in the initial calculation, according to the Louisiana Public Service Commission.

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