P.S.C. Blocks Proposed Entergy Rate Hike - KAIT Jonesboro, AR - Region 8 News, weather, sports

P.S.C. Blocks Proposed Entergy Rate Hike

April 1, 2006 - Posted at 12:35 p.m. CST

LITTLE ROCK (AP) _ The state Public Service Commission has kept

a nine-point-nine percent rate increase by Entergy Arkansas from

going into effect today. The regulatory agency says it will

investigate the need for the additional money.

The P-S-C is already investigating a six percent Entergy

Arkansas rate increase that went into effect last fall. The two

probes are to be combined.

Entergy says it had a 212 million-dollar shortfall last year

and needs the hike to make up the money. Entergy says higher prices

for natural gas and other factors require the hike. The utility

says it will not profit from the increase.

(Copyright 2006 by The Associated Press. All Rights Reserved.)

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