LPSC Approves Two-Part Settlement Resolving Entergy Retail Rate Filing and Grand Gulf FERC Litigation

Mon, 20 Apr 2026 18:07:37 +0000
Energy

The Louisiana Public Service Commission unanimously approved a two-part global settlement resolving Entergy Louisiana's pending retail rate filing and years of FERC litigation with System Energy Resources Inc. over the Grand Gulf nuclear plant. The settlement reduces a substantial rate increase request to a fraction of the original ask and provides approximately $265 million in direct customer credits over 2-3 years, with an additional $75.5 million tied to the SERI global settlement, totaling approximately $285 million in credits for Entergy Louisiana customers. Key provisions include immediate return of 2024 overearnings, prohibition on recovery of corporate aircraft travel and performance-tied incentive compensation, reduced late fees, elimination of smart meter connection/reconnection fees, and establishment of a Low-Income Affordability Working Group.