Entergy should release detailed accounting records -- which are standard in utility rate cases -- if it wants to claim $2B in ratepayer savings.
Entergy stock is up 7% since it announced the deal.
Entergy stock is up 7% since it announced the deal.
https://twitter.com/ENERGY/status/2038402589369249821
The White House's Ratepayer Protection Pledge is an empty promise unless there is transparency and accountability. If the Pledge is backed only by company press releases, then it's just "PR help" for the hyperscalers, as the President let slip.
But it's not too late for the Pledge to be meaningful.
The previous Meta-Entergy deal is not public. From what we know, ratepayers are paying fo $500M in transmission upgrades. Key benefit is that ratepayers might get a good deal on a used natural gas plant in 2042.
The previous Meta-Entergy deal is not public. From what we know, ratepayers are paying fo $500M in transmission upgrades. Key benefit is that ratepayers might get a good deal on a used natural gas plant in 2042.
Friday's press release about the deal claims $2B "ratepayer savings" bc of Meta facilities. For further info on the savings, Entergy links to the company's prior press release describing its own 'pledge' about data centers.
Press releases all the way down.
Press releases all the way down.
Someone should do something!
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