Entergy Corporation’s (ETR) utility subsidiary Entergy Arkansas has requested from the Arkansas Public Service Commission a $223 million hike in the base rate late last week. Entergy Arkansas supplies electricity to 684,000 customers spread across 63 counties in the state of Arkansas. The requested hike was to cover the cost of purchase of the Ouachita plant and restoration costs associated with the January 2009 ice storm in northern Arkansas. As per company estimations, this would raise the bill of an average residential customer with a monthly consumption of 1,000 kilowatt-hours by $7.86. Entergy Arkansas officials, however, feel that the actual burden would be much less. The improvement is expected to stem from lower fuel costs, which would improve on account of a decrease in natural gas prices. New Orleans-based Entergy is primarily engaged in electric power production and retail distribution of power. With 30,000MW of ...

Entergy Corporation’s (ETR) utility subsidiary Entergy Arkansas announced yesterday that it will reduce its retail electricity rates from September 1, 2009. New Orleans-based Entergy is primarily engaged in electric power production and retail distribution operations. The company owns and operates power plants with approximately 30,000MW of electricity generating capacity. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. With a cumulative capacity of 8,000MW, the company is the second largest nuclear power generator in the U.S. The curtailment in rates is for passing on the benefits of recent fall in natural gas prices to its customers. The company filed with the Arkansas Public Service Commission notifying the reduction of 0.346 cents per kilowatt-hour usage in the fuel-cost portion of electric bills to 1.206 cents.     As per company estimates this will reduce the average monthly bill of a typical residential ...

Entergy Corporation (ETR) announced fiscal second-quarter EPS of $1.23 that was just a cent short of the Zacks Consensus Estimate of $1.24. However year-over-year EPS fell 23 cents, the pain came from higher refueling and outages (both planned and unplanned) at its nuclear power plants.   New Orleans-based Entergy is primarily engaged in electric power production and retail distribution operations. The company owns and operates power plants with approximately 30,000MW of electricity generating capacity. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas.

The company with a cumulative capacity of 8,000MW is the second largest nuclear power generator in the U.S. Entergy operates through five subsidiaries: Entergy Arkansas, Entergy Gulf States, Entergy Louisiana, Entergy Mississippi and Entergy New Orleans.   Entergy’s revenues fell 22.8% year over year to $2.5 billion in the quarter with Electricity (down 24%), Natural Gas (down 46.6%), and Competitive businesses (down

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