Proposed Entergy Rate Cuts On The Way

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Entergy Arkansas plans to cut its customers’ bills by about $466 million.

If the plan is approved by the Arkansas Public Service Commission, Entergy estimates that the reduction will lower the average residential customer’s bill by 18.4 percent a month. A customer with a monthly bill of $100 would see it drop to about $81.60.

Entergy said the new rates will begin in April.

The lower rates, if approved, will continue for 21 months, from April to December 2019. The total savings for the 21 months for a residential customer would be about $386.40.

The decrease comes as a result of the federal law reducing the maximum corporate tax rate from 35 percent to 21 percent beginning January 1st.

Entergy has 700,000 customers in 63 counties in the state.

In a statement, Gov. Asa Hutchinson said the rate reduction will benefit Arkansans.

“As you know, last December, Congress passed and President Trump signed into law a comprehensive tax reform package. I am pleased to note that Entergy has filed for regulatory approval of a plan to pass through to Arkansas consumers $466 million in reduced tax as a result of the tax reform act,” Hutchinson said. “This will result in substantive savings for residential customers each month upon regulatory approval. I applaud Entergy Arkansas’ leadership for their decision and I look forward to swift regulatory approval of this proposal.”

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