Entergy Texas strikes settlement agreement with PUCT staff in rate case
Entergy Texas settled its rate case with the Public Utility Commission of Texas staff, and it now goes before the commission for final approval.
But the agreement with PUCT staff allows Entergy Texas to recover in rates approximately $2.3 billion in improvements already made to modernize its infrastructure and improve service reliability to customers.
Recent infrastructure improvements include the construction of the Montgomery County Power Station, which supplied much needed megawatts during Winter Storm Uri, and the purchase of Hardin County Peaking Facility. These facilities helped to increase reliability and fuel savings for customers.
“Entergy Texas is continuously investing in customer-driven solutions to build a more reliable and resilient energy future for Southeast Texas communities,” Eliecer Viamontes, president and CEO of Entergy Texas, said. “We are committed to balancing customer affordability with critical investments to help reduce outages and continue to strengthen the power grid.”
In addition, Entergy Texas plans to invest over $2.5 billion by the end of 2024 to replace aging generation and increase reliability and capacity for Southeast Texas.
The utility recently received approval from the commission for the Orange County Advanced Power Station, a 1,215-MW combined cycle power facility capable of powering more than 230,000 homes.
The ongoing investments will help improve service reliability and mitigate future severe storm damage and restoration costs.
The commission is expected to make a final ruling on the settlement agreement in the coming months.
