The Port Arthur News
Beginning in March, Entergy Texas, Inc. customers will see the average 1,000 kilowatt-hour bill go down by a little more than $4 per month. The decrease results from a lower fixed fuel cost on bills, a line item that will remain at the lower rate for the next six months.
March and April bills, which will also include the remaining two months of a fuel refund, will decrease from the February average of $97.22 to $92.93.
The fixed fuel factor is set twice a year based on market prices of fuel for the first 10 days of February and again in August. The new amount is then reflected on customer bills from March through August and from September through February of the next year.
“The decrease in March reflects the continuing good value Entergy Texas customers receive as a result of the company’s balanced mix of fuels used to produce electricity,” said Joe Domino, president and chief executive officer, Entergy Texas, Inc.
Entergy Texas customers have benefitted from decreases in fuel costs for more than a year with a number of refunds and credits that began in 2009.
Entergy Texas makes no profit on fuel costs. All fuel costs are pass-through charges set according to a formula approved by the Public Utility Commission of Texas and are subject to review by the PUCT.
Entergy Texas, Inc. provides electricity to more than 400,000 customers in 27 counties. It is a subsidiary of Entergy Corporation. Entergy 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, and it is the second-largest nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $11 billion and approximately 15,000 employees.