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.