Entergy Arkansas filed documents with the Arkansas Public Service Commission this week that will raise residential rates through a new state law aimed at phasing in rate increases more systematically as large scale projects are constructed.
Additionally, Entergy’s parent company Entergy Corporation, touted long-term savings to Arkansans of $1.7 billion tied to forthcoming data center projects, while its Arkansas arm also said a 2022 federal law will allow the company to pass along savings due to a new nuclear production tax credit.
In a lengthy press release, Entergy officials said the rate increase filing, part of its strategic investment update provided to the PSC, will ask for a rider to phase in pass-through costs to customers for three new generation construction projects – Ironwood Power Station in Hot Spring County and Jefferson Power Station and Arkansas Cypress Solar and Battery in Jefferson County…