Entergy Texas seeks more than $107.5 million in rate hikes and riders to meet expenses

摘要

Entergy Texas needs $107.5 million in additional annual revenue from higher retail rates to restore the utility's finances and enable it to borrow the money it will need, the Entergy subsidiary said in a rate-hike request filed last week with the Public Utility Commission of Texas.rnBeaumont-based Entergy Texas, which serves 385,000 customers in the southeastern part of the state, said it is seeking a base-rate increase that would generate $64.3 million annually in additional revenue, and new riders and a rate alignment that would generate another $43.3 million each year.rnThe rate hike is based on a proposed 11% rate of return on equity. The proposed riders include a $34.2-million rider to recover purchased power costs, and a $5-million rider to support programs for low-income customers, Joseph Domino, the investor-owned utility's president and CEO, said in prefiled testimony submitted to the PUC.