Entergy 2008 Annual Report Download - page 17

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n Mississippi enacted new baseload legislation that will facilitate development
of new nuclear resources at Grand Gulf. Entergy Mississippi continues to
work with the relatively new commissioners on the Mississippi Public Service
Commission to respond to questions on fuel cost issues and claims raised by the
Mississippi attorney general. Entergy Mississippi believes the attorney general’s
claims are unfounded and filed to move the complaint to U.S. District Court,
which we believe is the appropriate forum to resolve the federal matters raised.
Entergy Mississippi also filed a counterclaim for declaratory and other relief.
n As part of its rate case filed in July, Entergy New Orleans proposed to make
permanent the voluntary base rate credit on electric bills that it introduced in
early 2008. The rate case also seeks a gas rate increase and a further decrease
in electric rates. Hearings are scheduled in April and a City Council decision is
expected in May.
n Entergy Texas completed its first year of stand-alone operations in 2008 and
achieved a unanimous settlement in its base rate case. The $46.7 million base
rate increase, approved by the PUCT in March 2009, represents the first base
rate increase in 17 years. Updated analyses were also filed in the Qualified
Power Region proceeding and Entergy Texas expects to submit its overall
recommendation in an updated Transition to Competition report later this year.
Entergy Arkansas and Entergy Mississippi have both announced their intentions
to withdraw from the System Agreement in 2013 and 2015, respectively. Given
their announcements, Entergy’s utility operating companies are discussing with
the staff and/or advisors of regulatory commissions a proposed framework for a
successor arrangement to the System Agreement. The key objective of any such
arrangement is to maintain the benefits of operating as a larger system, including
the ability to call upon a larger pool of generating resources, while at the same
time seek to eliminate the numerous issues that have arisen in the past.
The Entergy Utility Advantage
Our aspirations are designed to deliver what really matters to all of our
stakeholders. Entergy Utilities aspire to provide customers with clean, reliable
and affordable power generated and delivered safely. Performance excellence can
only be achieved in a safe, accident-free workplace. More than 55 sites within our
utility organization earned Star status under the Occupational Safety and Health
Administration’s Voluntary Protection Program, which is the highest possible
safety rating for an industrial work site.
Long-term financial aspirations through 2012 include 3 to 4 percent annual
utility earnings growth. Our point-of-view-driven strategies, clean generating
fleet, adaptable employees and an unrelenting focus on what really matters
create a real, sustainable advantage for our utilities. We are well prepared to meet
whatever challenges lie ahead.
ENTERGY CORPORATION AND SUBSIDIARIES 2008
Regulatory Outage
Complaints
1998
2008
535
124
Katrina
Rita
Gustav
16
13
8
7
Ike
We strive to safely deliver
what really matters to our
customers – affordable,
reliable and clean power. In
2008, our utilities delivered
excellent customer service
that included the fastest and
safest storm restoration in
company history.
* days after hurricane peak outages
until power was restored to 85 percent
of customers who could accept power
Fastest Restoration in
Company History
number of days*
what really matters
15