Public Utility Commission of Texas approves settlement agreement for new Entergy Texas base rates
Through a vote last week, the Public Utility Commission of Texas (PUCT) approved a settlement agreement surrounding Entergy Texas’ Bright Future rate proposal, greenlighting continued investments and a preservation of interim rates from June 2023.
Approximately $2.3 billion in investments have already been made to modernize infrastructure and improve service reliability that has been sorely tested in the last few years. Entergy Texas plans to invest another more than $2.5 billion by the end of 2024 to both replace outdated equipment and increase resiliency. Rates set during the interim period have been preserved by Commission decree.
“We thank the Commission for its hard work and for positioning Entergy Texas to better serve our customers and their growing energy needs,” Eliecer Viamontes, president and CEO of Entergy Texas, said. “The investments included in this rate case will also mitigate future severe storm damage and restoration costs and support the significant growth in Southeast Texas.”
The original base rate case was filed in July 2022, and as the company shifts to newer, more modern and efficient generation, it will affect Entergy Texas’ approximately 499,000 customers.
