Entergy Says Lower Fuel Cost Helps Offset Proposed Rate Hike

Feb 15, 2016

Entergy Arkansas says a projected decrease in the fuel costs would help offset the cost of a requested 8 percent rate increase before the Arkansas Public Service Commission

The utility issued a statement Monday saying its "fuel and purchased power cost" adjustment that will be filed in March will mean residential ratepayers get a $7.11 break for every 1,000 kilowatt-hours they use.

The utility met with the Public Service Commission last month to discuss a settlement rate proposal for a $133.6 million rate increase. If approved, a customer with a $100 monthly bill would see it increase to $108.30 a month.

The commission is set to decide on the rate increase sometime this month. The new rate would take effect in April.