Entergy Texas files new rate proposal, including 9.48 percent increase for residential users
Following some challenging years for the Texas grid and with investments in mind for the future, Entergy Texas, Inc. filed a rate proposal with the Public Utility Commission of Texas last week calling for jumps to residential bills and more than $2.5 billion of investments by 2024.
This would be in addition to the more than $2.3 billion the company has reportedly invested into infrastructure and reliability improvements since 2018. Some of that money went to the construction of the Montgomery County Power Station, a 993 MW gas-fired generator of electricity that entered operation ahead of schedule in January 2021. Funding also went to expanding and upgrading the company’s transmission and distribution systems to improve reliability and support expansion.
With this growth comes costs, although Entergy noted that its residential rates would remain below the national average.
“We are committed to providing reliable, affordable, and sustainable power to our customers and communities,” Eliecer Viamontes, president and CEO of Entergy Texas, said. “As the demand for electricity continues to grow, we’re making investments now to ensure a bright future for Southeast Texas.”
These sustainability investments would include two new voluntary customer programs offering access to utility-scale renewable resources. Electric-powered infrastructure would be among the efforts promoted, supporting the rollout of electric vehicle charging stations and Shore Power – the electrification of marine vessels at port.
