Arkansas AG, Entergy propose lower rate increase

LITTLE ROCK, AR (AP) - Entergy Arkansas and Attorney General Dustin McDaniel are asking state regulators to approve a settlement that would cut the utility's proposed rate increase by nearly $150 million.

McDaniel and Entergy Arkansas on Monday proposed a settlement that would increase base rates by $73.8 million - lower than the $223 million rate hike the utility called for in September. The proposal must be reviewed by the Arkansas Public Service Commission.

Mc Daniel told reporters that because of a decrease in natural gas prices and other reductions, the typical residential bill is expected to be lower despite the proposed rate hike.

Entergy Arkansas provides electricity to 684,000 customers in 63 counties.

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