Entergy rate increase includes $30M in perks for execs - WMC Action News 5 - Memphis, Tennessee

Entergy rate increase includes $30M in perks for execs

LITTLE ROCK (AP) - A proposed 106 (M) million dollar rate increase proposed by Entergy Arkansas includes about 30 (M) million dollars in perks for the utility's top executives.

Those include stock options, incentive pay - as well as country club dues, tickets to football and basketball games, personal financial advice and corporate aircraft use.

The company says such compensation is necessary for the success of the business.

But the state attorney general's office wants all of the money for stock options and about half the money for incentive pay that Entergy seeks thrown out.

The Arkansas Public Service Commission is to make a final decision by June 14th.

If not, state law calls for Entergy to receive the full amount of its rate request.

Critics say ratepayers shouldn't have to pay for Entergy executive's charitable donations and country club dues, along with other perks.

Entergy has agreed that country club dues and charitable donations should be eliminated from the proposal.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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