Entergy Texas reaches agreement for rate raise

Entergy Texas has reached a settlement agreement with the Public Utility Commission (PUC) staff and the intervening parties in its base rate case filed in July 2022, pending approval by the Public Utility Commission of Texas (PUCT). The Entergy/PUCT agreement will allow Entergy Texas to recover approximately $2.3 billion in improvements already made to modernize its infrastructure and improve service reliability to customers by rolling into customer rates.

Recent infrastructure improvements include the construction of the state-of-the-art Montgomery County Power Station, which came online early during Winter Storm Uri, and the purchase of Hardin County Peaking Facility.
“Entergy Texas is continuously investing in customer-driven solutions to build a more reliable and resilient energy future for Southeast Texas communities,” stated Eliecer Viamontes, president and CEO of Entergy Texas. “We are committed to balancing customer affordability with critical investments to help reduce outages and continue to strengthen the power grid.”

In addition to the investments made to date, Entergy Texas plans to invest over $2.5 billion by the end of 2024 to replace aging infrastructure and increase capacity for Southeast Texas. The utility recently received PUCT approval of the Orange County Advanced Power Station, a 1,215-megawatt combined cycle power facility capable of powering more than 230,000 homes.

The terms included in the 2022 base rate case settlement agreement “will help ensure Entergy Texas remains financially healthy and able to make the significant capital investments required to provide affordable, reliable and sustainable power.”

The PUCT is expected to make a final ruling on the settlement agreement in the coming months.