AEEC wants entergy to refund money. (Energy).
On March 8, Entergy said it had reached a proposed settlement with the PSC and the attorney general whereby ratepayers will not see "any immediate rate change" due to the ice storms in December 2000.
Entergy faces $159 million in costs related to the storms.
If approved, the settlement would leave base. rates at their current level more than a year, and Entergy would not pass along to ratepayers the cost of the 2000 ice storm. Instead, Entergy would- pay for the storm with $146 million it has in a special account.
But the AEEC said money from the account, called the Transition Cost Account, was meant either to pay unrecoverable costs Entergy would incur after electric deregulation or be refunded to ratepayers.
"The money which Entergy, the [PSC] staff, and the attorney general want to spend belongs to Arkansas ratepayers," Glen Hoggard, AEEC attorney, said in a news release. "Those dollars were paid by Arkansas ratepayers into a special account for a specific purpose. The PSC order says that if the money is not used for its intended purpose, the money should be given back to ratepayers."
James Thompson, spokesman for Entergy Arkansas, said Entergy still supports the proposed settlement, calling it a "fair" and "logical" solution that is "beneficial to customers."
A hearing on the proposal is scheduled for April 11.
Hoggard said residential ratepayers will bear the brunt of the cost.
"Residential customers are hurt the most. If this proposal is accepted as it currently stands, residential customers are giving up their $68 million refund, and they will still owe another $12 million dollars at the end of the day," he said.
The AEEC is a nonprofit corporation whose members are some of the largest industrial and agricultural users of electricity on the Entergy system.
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|Title Annotation:||Arkansas Electric Energy Consumers|
|Comment:||AEEC wants entergy to refund money. (Energy).(Arkansas Electric Energy Consumers)|
|Article Type:||Brief Article|
|Date:||Apr 1, 2002|
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