Entergy to pass savings from federal tax reform to customers
Posted on 4/18/2018 3:13:00 PM.

Entergy has announced that the tax savings from the federal tax reform bill will be passed back to customers starting in May. The savings will be implanted in two stages through September. 

Entergy Louisiana CEO Phillip May says by fall, the average customer will be saving six bucks a month.

“It will start off in May with a reduction to a typical customer of about four dollars and twenty cents per month and then in September we will see a reduction of about two dollars per month.”

May says the savings are the result of the trillion dollar tax cut, as well as upgrades to Entergy’s infrastructure.

“Entergy has been investing considerably in its grid for some time. These tax reforms will help to provide that service at a lower cost.”

And the saving will come just in time to blunt the impact of dreaded Louisiana summer electric bills.

“All in all… really good news for customers, and it’s coming at a time when we will see air conditioners cranking and bills going up.”

Customers will see an additional drop of about two dollars a month after Katrina/Rita costs fall off in October.

Entergy, Louisiana, Phillip May, tax reform

Provided by ABC News

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