ARKANSAS, USA — Arkansas Attorney General Tim Griffin, who recently flip-flopped after signing aboard a 23% natural gas rate increase for Summit Utilities, stood firm before Thanksgiving against a 4.25% electric rate request from Entergy Arkansas.
Summit and Entergy are the state’s largest gas and electric utilities, respectively. The Arkansas Public Service Commission regulates both, and on Nov. 21 approved the new Summit rate, which will raise residential bills an average of about $15 a month. The ruling forestalled half of the increase until spring, to give ratepayers a break on costly winter heating.
In the Entergy case, which is expected to be decided by Dec. 13, Griffin accused the utility of using a 2015 state law, the Formula Rate Review Act, as a means to getting “a yearly automatic 4% rate increase.”
To read more on the utility rates, our content partner Arkansas Business has the full article here.
