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Entergy New Orleans files request to pass tax cut savings to customers

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Entergy New Orleans files request to pass tax cut savings to customers

Entergy New Orleans LLC has filed a request to pass along savings to customers from the recent federal corporate tax cut, according to a March 27 release.

Subject to New Orleans City Council approval, each year approximately $47 million will be passed on in near-term tax savings beginning on the June bill, which will continue until the implementation of new rates. The approval also would allow the Entergy Corp. subsidiary to return to its customers an additional $71 million in long-term savings.

Under the plan, electric customers would receive bill credits totaling $22 million during summer months and gas customers would see bill credits totaling $1 million for winter months. The plan would also finance a new pilot program and grid-modernization projects.

Entergy New Orleans serves more than 200,000 electric and 106,000 gas customers in Louisiana's Orleans Parish.