PSC Rejects Entergy's Request for New Rate Hike Hearing - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

PSC Rejects Entergy's Request for New Rate Hike Hearing

LITTLE ROCK, AR - The Arkansas Public Service Commission has denied a request by Entergy Arkansas to reconsider its proposal for a $106.5 million rate increase.

In a 57-page ruling, the commission reiterated that Entergy instead reduce its base rate by $5.13 million.  The commission asked that the decrease go entirely to Entergy's residential customers.

Entergy's original request would have increased residential rates by $4.26 a month to $90.21 for the first thousand kilowatt-hours of electricity used.

In June, the commission denied Entergy's request to recover a number of expenses from rate payers and reduced the level of incentive pay and stock options requested by the utility by more than $21 million.  Regulators also rejected Entergy's request that rate payers pay for the company's entertainment entertainment expenses, which include tickets to sporting events and concerts.

Entergy's request included $15.4 million for stock options and $14.6 million in incentive pay.

Entergy Arkansas officials say they plan to appeal.

Entergy Arkansas is Arkansas' largest supplier of electricity, with 680,000 customers in 63 Arkansas counties.

(Copyright 2007 by The Associated Press.  All Rights Reserved.)

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