Tags: US | Entergy | Justice | Probe

Entergy Cooperating with Govt Probe in 4 States

Tuesday, 12 Oct 2010 10:45 AM

Entergy Corp. said Tuesday that the Justice Department is conducting a civil investigation of competitive practices of its regulated power units.

The investigation covers Entergy utilities operating in portions of four states: Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans and Entergy Texas, the company said.

Also involved is Entergy Services Inc., which provides shared services to all of the utilities, such as engineering.

Entergy said it believes its operations "have satisfied all applicable laws and regulations" — and the company is cooperating with the probe.

According to Entergy, the investigation involves power procurement, dispatch and transmission system practices, along with policies of its utility units.

Entergy spokesman Chanel Lagarde said the company received formal notification of the probe on Sept. 24 but could not comment further.

In its disclosure, released before financial markets opened, Entergy said it first became aware of the investigation while the Justice Department was conducting an antitrust review of its proposed purchase of one of the generators of the Acadia power plant at Eunice, La. Entergy said the Justice Department did not file an objection to the deal, which is still pending.

The utilities involved in the investigation have about 2.7 million customers.

The Justice Department did not immediately respond to a call for comment.

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Entergy Corp. said Tuesday that the Justice Department is conducting a civil investigation of competitive practices of its regulated power units.The investigation covers Entergy utilities operating in portions of four states: Entergy Arkansas, Entergy Gulf States Louisiana,...
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Tuesday, 12 Oct 2010 10:45 AM
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