NEW ORLEANS - Today, Council President and Utility, Cable, Telecommunications and Technology Committee Chair Helena Moreno announced a plan to lower rates that goes into effect November 2021 through the Formula Rate Plan (FRP).
The proposal involves pressing ahead with $18 million of customer bill credits, accepting 100% of the identified error reductions from Entergy's initial submission, and creating a $5 million fund to address gas customer bills. In total, the plan would negate any impacts on electric bills until next spring and create a pathway to assist gas customers.