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PSC approves electric rate for Big River Steel

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LITTLE ROCK, Ark. (AP) — The Arkansas Public Service Commission has given its tentative approval to rates that Entergy Arkansas is to charge the planned $1.1 billion Big River Steel mill in Osceola.

The panel on Thursday found the proposed rate plan to be in the public's interest but said a plan has to be developed to prevent any costs from drifting over to Entergy's other ratepayers.

The Arkansas Democrat-Gazette reports (http://is.gd/1pnUIB ) the PSC instructed its staff and Entergy to have a proposal ready prior to the start of operations at Big River, where the start of construction is pending.

With 700,000 customers, Entergy is the largest electric utility in the state. Entergy has already said that the rates paid by Big River would cover construction of two planned electric lines.

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Information from: Arkansas Democrat-Gazette, http://www.arkansasonline.com

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