PSC Commissioner Foster Campbell
Entergy Louisiana customers could soon be paying hurricane restoration charges monthly for the next several years. However, Public Service Commissioner Foster Campbell said it’s time for the utility provider to pay their fair share after giving stockholders $3 billion in dividends and the CEO a one million dollar raise.
“So, let’s change it up a little bit I want you guys to put up some money and help the ratepayers pay for some of this. You’re taking care of your stockholders, you’re taking care of your president but you’re not doing anything for the people,” said Campbell.
Campbell said costs incurred to restore power after storms are typically passed along to customers and the estimated tally from Entergy is $4.5 billion.
“You’re going to find out that these bills are probably going to jump about $20 a month for 15 years and natural gas has gone through the roof,” said Campbell.
The outspoken commissioner believes there are enough members who share his view, and they could vote for Entergy to pay for at least 20% of restoration costs. Campbell also questions the utility provider’s business practices.
“So, I don’t think Entergy has any compassion. How in the world could a man take a trip with his family to his vacation home in Vail, Colorado when a hurricane has just devastated his whole territory,” said Campbell.
Campbell said he questioned Entergy CEO and Chairman Leo Denault about his reported trip during Ida and Denault confirmed he was in Colorado.
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