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Committee advances technical fixes to Entergy Arkansas formula-rate law; debate on who benefits
Summary
Senate Bill 489, a technical amendment to the formula-rate mechanism created by Act 725 (2015), passed the committee. The measure adjusts netting and cost-allocation rules affecting how Entergy Arkansas recovers costs, shifting some benefits toward large users while preserving a 4% cap intended to protect residential customers.
The Senate Insurance & Commerce Committee passed Senate Bill 489, a technical bill designed to clarify and implement provisions of the 2015 formula-rate mechanism (Act 725) for utility rate updates. Sponsors and witnesses said the amendments resolve ambiguities in how netting adjustments are treated and how the 4% base-rate cap is calculated.
Sponsor summary and intent: Senator Davis, the bill sponsor, said the changes are technical and intended to avoid costly litigation while preserving the 4% cap that protects residential customers. "These amendments ensure that all customers as well as the state continue to…
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