Entergy rates being lowered
There may be no escape from summer heat in Arkansas, but there is relief on the way for residential customers of Entergy Arkansas, Inc.
Starting July 1, just as temperatures in the state reach their peak, Entergy residential customers will see a decrease of 22 percent in their electric rates due to a significant reduction in System Agreement bandwidth payment requirements in 2010, even though the base rates are also increasing slightly.
The amount being paid by Entergy Arkansas to other Entergy operating companies, as required by a Federal Energy Regulatory Commission order in 2005, will be reduced from approximately $390 million in 2009 to about $27 million in 2010, primarily as a result of lower natural gas prices.
Entergy Arkansas residential customers using 1,000 kilowatt hours of electricity will pay $85.91 a month starting July 1, a net decrease of 22 percent from this time a year ago.
"This is certainly both timely and good news for our customers," said Oscar Washington, customer service director, Entergy Arkansas, Inc. "The reduction in System Agreement payments comes at the time of year when electricity bills are normally their highest.
"We know how difficult the current economic situation is for our customers. The lower bills will bring some welcome relief during the coming summer months."