Louisiana PSC approves merger of two Entergy utilities into one company
Written By: Tracy Dawson Roses
August 26, 2015
On August 26 Entergy Louisiana, LLC and Entergy Gulf States Louisiana, L.L.C. announced that the Louisiana Public Service Commission approved a transaction that will create a single utility company.
The single utility will operate under the name Entergy Louisiana, LLC after the transaction closes, which is expected to occur Oct. 1. The new company will have over $16.5 billion in assets and 66,194 GWh in total sales.
The transaction is designed to be revenue neutral. In order to minimize changes in customer bills, the combined utility will maintain existing base rates and riders for current and new retail customers.
Fuel costs to serve the combined customer base will be blended but will be subject to a tracking mechanism to mitigate any material cost shifts.