Entergy gets approval to raise rates in Algiers

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NEW ORLEANS (AP) — Entergy Louisiana has won permission to raise rates on customers in the Algiers section of New Orleans by 31 percent over the next four years.

The New Orleans City Council unanimously approved the plan Thursday, allowing the unit of Entergy Corp. to raise base rates on customers in the West Bank part of New Orleans for the first time in 28 years.

NOLA.comThe Times-Picayune reports (http://bit.ly/1zsHp1e) that under the settlement, Entergy projects revenue will increase $9.3 million over four years from 22,000 Algiers customers.

Entergy had asked for $12.9 million in rate increases over three years in March

According to figures provided by Entergy Louisiana, Algiers customers using 1,000 kilowatt hours per month will see their monthly bill increase from $79.23 to $103.62 over the four years.

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Information from: The Times-Picayune,

http://www.nola.com

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