Entergy to refund $58M in Louisiana
BATON ROUGE -- Entergy Louisiana's 1 million customers will receive refund credits on their electric bills, the Louisiana Public Service Commission said.
The commission voted Wednesday to approve a plan for returning the roughly $58 million over January, February and March, news outlets reported quoting a statement from the commission.
The refunds are the result of a lawsuit that the commission won over Entergy, the statement said.
The commission in 2009 said Entergy Corp. violated an agreement involving the sale of less expensive power from its Arkansas subsidiary.
The commission sued Entergy at the Federal Energy Regulatory Commission, and the federal commission ordered Entergy Arkansas to pay $135.6 million plus interest to Entergy customers in Louisiana and other states. Entergy Louisiana customers received $58.6 million.
-- The Associated Press
CORRECTION: In 2009, the Louisiana Public Service Commission said Entergy Corp. violated an agreement involving the sale of less expensive power from its Arkansas subsidiary. An earlier version of this story incorrectly described the agreement.