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Entergy rates expected increase

POSTED: Thursday, April 22, 2010 - 6:46am

UPDATED: Thursday, June 3, 2010 - 11:00pm

Entergy Corp. has received permission from state regulators to charge Louisiana customers for $408 million in storm damage from hurricanes Gustav and Ike and for replenishment of $290 million in storm reserves.

Entergy will sell bonds to get upfront cash, and that debt will be paid off through surcharges on customers' bills. Entergy Louisiana customers will see an estimated increase of $2.44 per 1,000 kilowatt hours, while Entergy Gulf States Louisiana customers will pay an additional $1.93 per 1,000 kilowatt hours, Entergy said.

The Public Service Commission approved the measure in a 4-1 vote