Entergy Proposes 9.6% Rate Cut -- Utility Applies for Decrease As Natural Gas Prices Decline

Summary


Entergy, which had recommended a 5 percent reduction in its electrical rates beginning Sept. 1, almost doubled that reduction proposal Wednesday.

The company had proposed a 5 percent rate cut last week, but Wednesday it applied to the Public Service Commission for a 9.6 percent rate reduction for bills due in September.

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Extract


Entergy Proposes 9.6% Rate Cut -- Utility Applies for Decrease As Natural Gas Prices Decline

The revised rate reduction is keyed to the prices for natural gas, which provides about 60 percent of the fu...

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