Entergy plans to seek rate increase if legislation approved - WMC Action News 5 - Memphis, Tennessee

Entergy plans to seek rate increase if legislation approved

JACKSON, Miss. (AP) - The CEO of Entergy Mississippi says a pay-as-you-go financing plan working its way through the Legislature would help public utilities meet the growing demand for electricity.

Carolyn Shanks told the editorial board of The Clarion-Ledger newspaper Monday that her company supports bills that would authorize the Public Service Commission to let utilities charge customers for construction costs as power plants are being built.

Under current law, utilities cannot collect construction costs from ratepayers until a new facility is operating. Even then, approval has to come from the PSC.

One bill to allow the earlier rate increases has passed the Senate and is moving to the House for more work. The House has its own similar bill that has passed a committee and awaits consideration of the full chamber.

The bills come as Entergy and Mississippi Power Co. are considering building power-generating plants in Mississippi.

The bills are Senate Bill 2793 and House Bill 1274.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

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