NEW ORLEANS - Today, Council Utilities Committee Chair Helena Moreno announced the committee approval of an agreement to end Entergy New Orleans' pursuit of litigation over last year's rate order.
"Last year, this Council lowered customers' Entergy rates for the first time in a decade," said Councilmember Moreno. "As a result of our rate order, Entergy New Orleans sued the Council in an attempt to stop implementation. Today's agreement ends that lawsuit and leaves the Council's rate order completely intact, preserving the hard-won gains for ratepayers that included lower rates, green power options, freezing the minimum charge, and setting a more reasonable profit margin for the company."
Additionally, in light of the ongoing pandemic, the agreement delays any filings regarding rate changes during the next year.
Moreno continued, "The agreement also delays any future rate changes through the annual "Formula Rate Plan" process, giving ratepayers comfort during these difficult economic times that their utilities bills won't see increases for the next year. I want to thank all of the parties, Entergy New Orleans, and interveners that worked hard to bring this agreement forward. It is another example of this Council's aggressive regulatory role on behalf of the people of New Orleans."
Chief of Staff
Office of Councilmember-at-Large Helena Moreno