This settlement is in the best economic interest of our customers, our employees, our community and the company.
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Entergy Corporation sent a letter to the New Orleans City Council regarding its Entergy New Orleans, LLC Investigation Final Report.
The following is a statement from Entergy Corporation.
Entergy officials, business and community leaders gathered at the GT OmniPort Industrial Park today to “cut the wire” on the Port Arthur Reliability Transmission Project, an approximately $70 million investment in Southeast Texas. Once completed in 2020, the transmission project will provide reliable power to both existing and future customers in the growing area.
Entergy Texas, Inc. has reached a settlement agreement with the Public Utility Commission Staff and the intervening parties in its rate case, filed on October 5, 2018. This agreement, pending approval by the Public Utility Commission of Texas, will keep rates low, while continuing to grow the economy by investing in new infrastructure to ensure reliable and cost effective electricity for customers. As part of this plan, Entergy Texas is also passing along substantial savings from federal tax reform directly to its customers. These tax savings, along with investments in infrastructure to reduce outages and improve service, will result in more affordable and reliable energy to customers.
As non-residential customers prepare budgets for 2019, we want to remind you about an important line item on your electricity bill, the Tax Cuts and Jobs Act Credit. The Tax Cuts and Jobs Act Credit, which began in April 2018, will be substantially reduced in January 2019 on non-residential customer bills as it reaches is expiration period.
Although you may be gearing up to ward off a horde of ghosts and goblins this Halloween, now is a great time to start combating the phantoms already haunting your home.