PSC cuts Entergy request | Arkansas Blog

Friday, June 15, 2007

PSC cuts Entergy request

Posted By on Fri, Jun 15, 2007 at 5:28 PM

Kowabonga.

The state Public Service Commission today said fie on Entergy and its requested $106 million, or 11.7 percent rate increase. The PSC instead ordered a reduction in rates of $5.6 million effective June 15. I presume the power company will appeal.

The PSC reduced the amount Entergy had sought for executive bonuses and incentive pay by 21 percent and wouldn't allow the company to charge rateapyers for tickets to sporting events, golf tourneys and to wine and dine politicians. Heh.

The PSC said it would continue to fight federal regulatory orders on payments by Entergy to affiliated companies in other states.

Attorney General Dustin McDaniel said: “While we have not yet had the opportunity to review the order of the commission, we do know that it is a victory for the ratepayers of Arkansas.  Specifically, not only did the commission deny Entergy’s request to increase rates by $100,000,000, it reduced current rates by $5,500,000.  We are very pleased given that a decrease is exactly what I requested from the commission in presenting the case of the ratepayers."

Sounds just like old days, when the PSC was a prime playground for aspiring politicians.

McDaniel thanked his staff. He should have given more thanks to Paul Suskie, the PSC chairman, beaten by McDaniel in the race for attorney general. I think we're going to like the PSC under Suskie's leadership.


Sign up for the Daily Update email
Favorite

Comments (3)

Showing 1-3 of 3

Add a comment

 
Subscribe to this thread:
Showing 1-3 of 3

Add a comment

More by Max Brantley

  • Lies, damn lies and statistics: The school score edition

    The Arkansas Democrat-Gazette's veteran education reporter, Cynthia Howell, reported this morning on public school adjustment to the third year of using a new standardized test for judging school performance. A key factor was missing in the discussion.
    • Jul 23, 2018
  • Trump Tweets threat to Iran

    Donald Trump declared a Twitter war on Iran Sunday night. He's angry about the FISA warrant information, too, which didn't help his cause.
    • Jul 23, 2018
  • The Mondo Trumpe open line

    A world of the dogs? Check out Trump's latest poll ratings.
    • Jul 22, 2018
  • More »

Readers also liked…

  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017
  • Arkansas legislature rejects bipartisan effort to study race relations

    On Friday, the Arkansas Legislative Council soundly rejected a bipartisan effort by two senators to to create a temporary legislative subcommittee to study race relations in the state.
    • Sep 15, 2017
  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017

Most Viewed

  • Lies, damn lies and statistics: The school score edition

    The Arkansas Democrat-Gazette's veteran education reporter, Cynthia Howell, reported this morning on public school adjustment to the third year of using a new standardized test for judging school performance. A key factor was missing in the discussion.
  • Trump Tweets threat to Iran

    Donald Trump declared a Twitter war on Iran Sunday night. He's angry about the FISA warrant information, too, which didn't help his cause.
  • Corruption probe nets another guilty plea, implicates another senator

    Jerry Walsh, 72, who ran the now-defunct South Arkansas Youth Services, has pleaded guilty to paying $120,000 to an unnamed Arkansas state senator in return for action favorable to the agency, Walsh and others.He pleaded guilty today in federal court in El Dorado. The scheme altogether diverted $380,000 in public money.
  • The Mondo Trumpe open line

    A world of the dogs? Check out Trump's latest poll ratings.

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation