NEW ORLEANS, Dec. 16, 2019 /PRNewswire/ -- Customers have
saved approximately $1.3 billion on
electric bills since the utility subsidiaries of Entergy
Corporation (NYSE: ETR) became members of Midcontinent Independent
System Operator, a regional transmission organization.
The estimated $1.3 billion in
savings realized between 2014 and 2018 is largely because, through
participation in MISO, Entergy is part of a large pool of
generating facilities that stretch across the vast MISO footprint.
By sharing in that large pool, Entergy can maintain reliability
with less power generation capacity than if it were on its own –
and pass the resulting savings along to customers. In addition,
because MISO dispatches a large pool of generation to serve the
needs of all customers in its footprint, the dispatch is more
efficient, resulting in a lower delivered cost of energy and
long-term benefits for customers.
"When we proposed joining MISO, we told our customers this would
be a good business decision that would benefit them each month. We
believe we have made good on that promise," said Rod West, utility group president. "Our
membership in MISO has been a highly effective tool in helping our
customers keep more of their hard-earned money in their pockets. It
has also helped us control costs and keep our rates among the
lowest in the nation. Since joining MISO five years ago, Entergy
customers have saved an average of $261
million per year. These are real savings for our
customers."
Operating
Company
|
Customer Savings
(2014-2018)
|
Entergy Arkansas,
LLC
|
$223
million
|
Entergy Louisiana,
LLC
|
$561
million
|
Entergy Mississippi,
LLC
|
$207
million
|
Entergy New Orleans,
LLC
|
$118
million
|
Entergy Texas,
Inc.
|
$198
million
|
TOTAL
|
$1.3
billion
|
Entergy customers enjoy some of the lowest electricity rates in
the country. Entergy's residential rates are 14% below the regional
and 27% below the national average, according to data compiled by
the U.S. Energy Information Administration for 2018.
MISO manages the flow of electricity on the transmission grid,
facilitates the planning of new transmission facilities and
operates markets for the purchase and sale of wholesale energy and
other products. Its market footprint stretches from Canada to the Gulf
of Mexico.
About Entergy Corporation
Entergy Corporation (NYSE:
ETR) is an integrated energy company engaged primarily in electric
power production and retail distribution operations. Entergy owns
and operates power plants with approximately 30,000 megawatts of
electric generating capacity, including nearly 9,000 megawatts of
nuclear power. Entergy delivers electricity to 2.9 million utility
customers in Arkansas,
Louisiana, Mississippi and Texas. Entergy has annual revenues of
$11 billion and approximately 13,500
employees.
entergy.com
Twitter: @Entergy
Facebook: facebook.com/entergy
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SOURCE Entergy Corporation