SEPTEMBER 16, 2005 - Posted at 7:53 a.m. CDT
LITTLE ROCK, AR - Entergy Arkansas has filed a request with state regulators for a rate increase that would mean a six percent jump in monthly electric bills for typical residential customers.
The company asked the Arkansas Public Service Commission to approve a rate increase from 1.365 cents to 1.9 cents per kilowatt. The company says that would mean an increase of $5.35 on the electric bill of a residential customer.
If approved by the PSC, the new rate would take effect in the first billing cycle of October.
The utility, Arkansas largest electricity provider, says it doesn't make money off the increase and would only be recovering its costs to buy fuel it needs to operate its own power plants and to buy electricity from wholesalers.